Gold loses shine after three-day increase in Pakistan

Karachi: After historic streak in the previous session, gold prices plummeted in the local market and international markets on Wednesday.

In Pakistan, gold price per tola reached Rs352,000 after it shed Rs11,700 on Wednesday.

Similarly, 10-gram gold was sold at Rs301,783 after it registered a decline of Rs10,031, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, gold price per tola hit record high Rs363,700 after a single-day gain of Rs5,900. The international rate of gold also decreased by $116 to settle at $3,338 per ounce.