According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by a sharp Rs3,400, settling at Rs345,800. Likewise, the price of 24-karat gold per 10 grams fell by Rs2,915 to Rs296,467, while 22-karat gold is now priced at Rs271,771 per 10 grams.

Silver prices also recorded a decrease, with the per tola rate falling by Rs70 to Rs3,427 and 10 grams by Rs60 to Rs2,938.

In the international bullion market, gold saw a one-day correction due to technical factors and profit-taking, leading to a $34 drop per ounce, bringing the price to $3,276.

Financial closure of $6.4 billion for Reko Diq project expected next month

Just a day earlier, gold prices had surged by Rs2,100 per tola in Pakistan and by $21 per ounce globally.