Pakistan, April 29 -- Gold prices in Pakistan fell sharply on Wednesday, dropping Rs5,500 per tola to Rs479,562. The decline followed a $55 fall in international gold rates, signaling broader market weakness. Jewellers, investors, and consumers faced immediate impact as precious metals lost value.

In the local market, 10-gram gold was sold at Rs411,147 after losing Rs4,715, according to official rates. The All-Pakistan Gems and Jewellers Sarafa Association shared the updated pricing data. This drop continues a downward trend seen in recent trading sessions.

Read more: Gold prices rise again across Pakistan

Earlier on Tuesday, gold prices had already decreased by Rs8,900 per tola, reaching Rs485,062. Therefore, the latest decline reflec...