Gold prices recorded a significant decline in Pakistan, with the price of one tola falling by Rs6,500.
According to the All Pakistan Gems and Jewellers Association, the price of gold dropped to Rs429,136 per tola.
The price of 10 grams of gold also decreased by Rs5,573, bringing it down to Rs367,914.
Gold prices also declined in the international market. The price of one ounce fell by $65 to reach $4,066.
Changes in international gold prices, currency exchange rates and local market conditions influence gold prices in Pakistan.
The latest decline may offer some relief to consumers planning to purchase gold jewellery.
