Gold prices have seen a major decline in Pakistan.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola fell by Rs11,300 to Rs454,036.

Similarly, the price of 10 grams of gold decreased by Rs9,688, bringing it down to Rs389,262.

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A day earlier, the price of gold in the local market had also declined by Rs800 per tola.

Gold prices in Pakistan are influenced by changes in international gold prices, the value of the US dollar, expectations regarding interest rates, and shifts in investor sentiment.