Gold prices drop in local market

The price of gold in Pakistan dropped further on Saturday, with a notable decrease of Rs1,400 per tola, according to the All Pakistan Gems and Jewellers Association.

Following the decline, the new price of 24-karat gold per tola stands at Rs347,200. Similarly, the price of 10 grams of gold has fallen by Rs1,200 to Rs297,668.

In the international market, gold prices also saw a downward trend, dropping by $14 per ounce. The global price now stands at $3,288 per ounce.

This is the latest in a series of fluctuations influenced by both global market conditions and local economic factors, including currency exchange rates and investor sentiment.