Pakistan’s gold prices decline by Rs 5,000 per tola.

Thursday saw a significant drop in gold prices in Pakistan, with the local market’s per tola cost dropping by Rs5,000.

Following the most recent decline, the price of gold fell to Rs426,562 per tola, according to the All Pakistan Gems and Jewellers Association. Likewise, the price of 10 grammes of gold dropped by Rs4,286, to Rs365,708.

Gold prices saw a significant drop in the global market as well, falling by $50 to $4,042 per ounce.

The decline occurs just one day after Pakistani gold prices spiked up by Rs7,900 a tola, causing a notable shift in the bullion market.