Karachi: Gold prices in Pakistan dropped sharply on Thursday, with the per tola rate falling by Rs 24,300 following a significant decline in international markets, reversing stability seen in the previous session.

In the international market, gold fell by $243 per ounce to $4,767, driving domestic rates lower. According to market figures, 24-carat gold in Pakistan decreased to Rs 499,462 per tola, while the price of 10 grams declined by Rs 20,833 to Rs 428,208.

Silver prices also registered a decline, with 24-carat silver per tola dropping by Rs 760 to Rs 7,734.

The latest drop follows a stable trend a day earlier, when gold price in Pakistan held at Rs 523,762 per tola after a recent increase, according to the All Pakistan Sarafa Gems and Jewellers Association.

Gold price in Pakistan holds at Rs523,762 per tola after recent increase

Internationally, gold had remained unchanged at $5,010 per ounce during that session.

Silver had also recorded a minor decrease in the previous session, falling by Rs 75 per tola to Rs 8,494.

The sharp decline highlights the sensitivity of domestic bullion rates to global price movements, impacting both investors and consumers across Pakistan.