In the local market, the price of gold dropped by Rs1,000 per tola to settle at Rs467,262, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10 grams of gold fell by Rs858 to Rs400,601.

The downward trend follows a sharp drop a day earlier, when gold prices fell by Rs11,000 per tola.

Globally, gold prices slipped by $10 to $4,445 per ounce, including a premium of $20.

Silver prices also moved lower, declining by Rs30 to Rs7,454 per tola in the domestic market.

Market analysts say the local bullion market continues to mirror international price movements, with volatility driven by global economic uncertainty and shifting investor sentiment.