The price of gold in Pakistan has dropped significantly, with the rate of one tola falling by Rs3,600.

According to the All Pakistan Sarafa Gems and Jewellers Association, the new price of one tola of gold now stands at Rs421,836 after the latest decline.

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The association also said that the price of 10 grams of gold decreased by Rs3,086, bringing it down to Rs361,656.

Meanwhile, in the international market, the price of gold fell by $36, reaching $3,994 per ounce.