Earlier, the rate of this precious stone was Rs357,000, according to the All Pakistan Sarafa Gems and Jewelers Association.

Meanwhile, 10 grams of 24 karat gold also witnessed a decrease of Rs1,286, now priced at Rs304,783, down from Rs306,069. Similarly, the price for 10 grams of 22 karat gold dropped by Rs1,179 to Rs279,394 from Rs280,573.

Interestingly, the rates for per tola and 10 grams of silver stayed stable at Rs3,871 and Rs3,318 respectively, showing no signs of movement despite fluctuations in gold prices.

On the global front, the price of gold in the international market fell by $15, bringing it down to $3,335 from $3,350. Meanwhile, silver prices held steady at $36.87, as reported by the Association.

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This sudden dip in gold prices could be linked to international market trends and investor sentiments shifting towards other commodities or currencies. Stability in silver suggests that investors are still holding on to safer assets, waiting for further clarity in the global economic situation. Such price changes can significantly impact local jewelers, investors, and even bridal markets in Pakistan, who closely monitor daily gold movements.