Gold prices continued their downward trend on Thursday, witnessing a significant drop both in the international and domestic markets.
In the international bullion market, the price of gold fell by $35 per ounce, reaching $4,115. The decline in global prices directly impacted local rates, with gold in Pakistan falling by Rs3,500 per tola, bringing the new price to Rs433,862 per tola.
Similarly, the price of 10 grams of gold decreased by Rs3,100, now standing at Rs371,966.
Traders attribute the fall to fluctuations in the global bullion market and a stronger US dollar, which continue to influence precious metal prices both internationally and domestically.
Earlier on Wednesday, gold prices also declined, mirroring losses in the international market, where the precious metal fell to a nea