The price of gold recorded a decline of more than Rs1,000 in the domestic market of Pakistan on Wednesday.

Gold price was down by Rs1,200 to hit Rs211,800 per tola in the local market.

Similarly, gold 10 grammes recorded a decrease of Rs1,029 to reach Rs181,584 on Wednesday.

The ease in the prices of gold came despite the rupee’s slide against the dollar in the interbank foreign exchange market.

The local unit shed Rs1.17 against the dollar which was trading at Rs282.64 at the closing of the market on the first trading session of November, as against the closing of Rs281.47 the previous day.