Pakistan, Oct. 10 -- Gold prices in Pakistan saw a major decline on Friday, tracking global market trends. The price per tola dropped by Rs4,578, settling at Rs420,600, according to data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, 10-gram gold fell by Rs3,924, now priced at Rs360,597.

On the global front, gold also saw a decline. The international price stood at $3,995 per ounce (with a $20 premium), marking a drop of $44. Spot gold hovered below $4,000 per ounce, but remained up 2.2% for the week, supported by geopolitical tensions and hopes of US rate cuts.

Read more: Gold price increases by Rs 5,400 per tola

Despite the fall in gold, silver prices in Pakistan hit an all-time high. The rate rose b...