In the international market, gold prices fell by $71 to $4,642 per ounce, directly impacting local rates.

As a result, the price of gold per tola in Pakistan decreased by Rs7,100 to Rs486,962.

Similarly, the price of 10 grams of gold declined by Rs6,087, bringing it down to Rs417,491.

This marks a halt in the upward trend seen over the past several days.

The decline is linked to recent remarks by US President Donald Trump, who signalled continuation of the war against Iran and possible escalation in the coming weeks.

His statement created uncertainty among global investors, leading to a drop in gold prices.

Analysts say the remarks weakened expectations of an early end to the conflict.

Meanwhile, global oil prices rose by more than four percent and the US dollar strengthened, increasing pressure on gold.

March also proved to be the worst month for gold since 2008, with prices falling by 11 percent overall.