Gold prices drop in global and local markets

Karachi: Gold prices have declined in both international and local markets.

In the international bullion market, the price of gold per ounce dropped by $36, bringing the new rate to $3,618 per ounce.

Meanwhile, in local jewelry markets, the price of 24-karat gold per tola decreased by Rs4,100, setting the new price at Rs384,000 per tola. Similarly, the price of 10 grams of gold fell by Rs3,515, bringing it down to Rs329,218.

It is worth noting that gold prices had been continuously rising over the past few weeks.