The price of 24 karat per tola gold decreased by Rs10,000 and was sold at Rs539,962 on Wednesday against its sale at Rs549,962 the previous trading day, the All Pakistan Sarafa Gems and Jewellers Association reported.

Similarly, the price of 10 grams of 24 karat gold declined by Rs8,573 to Rs462,930 from Rs471,503. The price of 10 grams of 22 karat gold also went down by Rs7,859 to Rs424,367 from Rs432,226.

However, silver moved in the opposite direction. The rate of per tola silver increased by Rs100 to Rs9,004 from Rs8,904. Meanwhile, the price of 10 grams silver rose by Rs86 to Rs7,719 from Rs7,633.

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In the international market, gold prices also showed a major drop. The price of gold fell by $100 to $5,172 from $5,272. On the other hand, silver gained $1.0 and reached $85.20 from $84.20, the Association added.

This sharp fall in gold prices has surprised many traders. Some believe it is a temporary correction after record highs. Others think global economic uncertainty is pushing prices up and down quickly.

If the trend continues, more buyers may enter the market. But experts warn that gold remains sensitive to global changes. Investors are advised to stay careful and watch international prices before making big decisions.