The price of gold per tola dropped by Rs2,500, settling at Rs284,700 in the local market.

In addition, the price for 10 grams of gold fell by Rs2,144, bringing it to Rs244,084, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This follows a decrase of Rs700 on Thursday, when the price per tola was recorded at Rs287,200.

The international gold rate also saw a reduction, with APGJSA reporting a price of $2,752 per ounce (including a $20 premium), down by $25 during the day.

In related market activity, silver prices fell by Rs20, concluding the day at Rs3,430 per tola.

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Gold prices see massive increase in Pakistan

Why gold prices reaching all-time highs?

Gold prices record uptick in Pakistan

Notably, just earlier this week, gold reached an all-time high of Rs287,900 per tola in Pakistan. The recent fluctuations in gold and silver prices reflect ongoing volatility in the global market.