The per tola gold bar prices plunged by Rs300 to Rs213,900 on the local bullion market on Saturday for selling on January 30th.

Similarly, the prices of 10-gram yellow metal also fell by Rs257 to Rs183,385.

The decline in domestic prices was caused by a drop of $2 an ounce in the world market bringing gold down to $2038 in the global market.

Prior to this, on Friday the price of gold had recorded an increase of Rs400 to settle at Rs214,200 in the local market of Pakistan.