Gold prices in Pakistan experienced a downturn on Tuesday, mirroring the global trend of decrease.

According to the latest data provided by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price per tola of gold stood at Rs240,300, marking a decrease of Rs500 within a single day.

Similarly, the price of 10 grammes of gold witnessed a decline, reaching Rs206,018 after experiencing a decrease of Rs429, as reported by APGJSA.

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In contrast, silver rates remained unchanged at Rs2,800 per tola.

This drop in prices contrasts with the situation on Monday when gold prices surged by Rs800 per tola in Pakistan.

It’s noteworthy that just last month, gold reached an all-time high of Rs252,200 per tola in the local market, reflecting the volatility and fluctuations within the precious metals market.

Internationally, the price of gold also saw a reduction on Tuesday. APGJSA reported an international rate of $2,339 per ounce, with a $20 premium, marking a decrease of $4 during the day.