The local market saw the price of gold per tola drop by Rs1,600, settling at Rs301,500.

Additionally, the price of 10 grams of gold decreased by Rs1,372, bringing it to Rs258,487.

The rate was $2,888 per ounce (including a $20 premium), reflecting a decrease of $16 for the day.

On Tuesday, the price of gold per tola rose by Rs100, reaching a record high of Rs303,100.

Gold rates on January 22, rose by Rs4,250, reaching Rs287,450.

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Gold prices see major increase in Pakistan after two days of decline

Gold prices bounce back in Pakistan

Gold Prices in Pakistan drop for second day, now at Rs260,100 per tola