Gold prices in Pakistan fell on Tuesday, reflecting a drop in international rates. The price of gold per tola in the local market declined by Rs1,900, settling at Rs248,500, according to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10 grammes of gold decreased by Rs1,630, bringing it down to Rs21,048.

This decline comes after a significant increase on Monday, when gold prices surged by Rs2,300 per tola in Pakistan.

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Internationally, the gold rate saw a decrease on Tuesday. According to APGJSA, the global price of gold was set at $2,418 per ounce, inclusive of a $20 premium, following a $21 drop during the day.

In contrast, silver prices remained unchanged, holding steady at Rs2,850 per tola.

Just last month, gold prices in Pakistan reached a record high of Rs252,200 per tola, marking an all-time peak in the local market.