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Gold prices in Pakistan dropped by Rs2,200 per tola, bringing the new price to Rs473,162, according to market figures released on Saturday.
The price of 10 grams of gold also declined by Rs1,886 to Rs456,660.
In the international market, gold prices fell by $22 per ounce to $4,508.
Meanwhile, silver prices in the local market remained unchanged, with silver trading at Rs8,034 per tola.