Gold prices in Pakistan declined on Tuesday, following a dip in the international market.

The price of gold per tola fell by Rs500 to close at Rs358,300 in the local market, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Ten-gram gold was sold at Rs307,184 after losing Rs429 during the day.

On Monday, the gold price per tola had reached Rs358,800 after a sharper decline of Rs3,600.

The international price of gold also weakened, dropping $5 to $3,356 per ounce, with an additional premium of $20, the APGJSA reported.

Meanwhile, silver prices remained stable at Rs4,013 per tola.