Gold prices in Pakistan experienced a significant drop on Tuesday, mirroring a decline in international markets.

The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported a Rs1,400 decrease in the price of gold per tola, bringing it down to Rs277,900. Ten-gram gold also saw a reduction of Rs1,201, settling at Rs238,254.

This follows Monday’s decrease of Rs1,500 per tola, bringing the price down to Rs279,300. The decline is attributed to a fall in the international gold rate, which APGJSA reported at $2,661 per ounce (with a $20 premium), a $14 decrease from the previous day.

In contrast to the gold price fluctuations, silver prices remained stable at Rs3,350 per tola.