Local and international gold prices declined on Tuesday, with the price of gold per tola in Pakistan falling by Rs4,100 to Rs424,836 amid a drop in global bullion rates.

According to the latest market figures, the price of 10 grams of gold decreased by Rs3,515 to Rs364,228.

In the international market, gold prices fell by $41 per ounce, bringing the global rate down to $4,024 per ounce.

The decline in global bullion prices was reflected in Pakistan’s local gold market, leading to a sharp drop in domestic gold rates.