Sharp decline in gold prices hits local markets

(Web Desk): Gold prices saw a significant drop today in both international and local markets.

In the international bullion market, the price of gold per ounce fell by $25, bringing the new global rate down to $3,310 per ounce.

Following the global trend, the price of 24-karat gold per tola in Pakistan dropped by Rs2,500, setting the new price at Rs353,000 per tola.

Similarly, the price of 10 grams of gold in the local market decreased by Rs2,143, bringing the new rate to Rs302,640 per 10 grams.