Gold prices in Pakistan experienced a downturn on Wednesday, echoing the global market trend.

The precious metal, commonly known as the yellow metal, was priced at Rs228,300 per tola, marking a decrease of Rs1,800 over the course of the day.

Data released by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA) revealed that the price of 10 grammes of gold stood at Rs195,730 after a decrease of Rs1,544.

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This decline follows a Rs100 reduction in gold prices per tola observed on Tuesday within the country. Internationally, gold was valued at $2,179 per ounce on Wednesday, reflecting a $18 decrease with a premium of $20.

Meanwhile, silver prices remained stable at Rs2,600 per tola during the same period.

On another front, the Pakistani rupee showed a slight improvement against the US dollar, appreciating by 0.11 per cent in the interbank market on Wednesday.

At the close, the local currency settled at 278.79, gaining Re0.29 against the greenback, as reported by the State Bank of Pakistan (SBP).

On Monday, the rupee experienced a marginal decline, settling at 279.08 against the US dollar, according to the State Bank of Pakistan (SBP).