Pakistan, June 19 -- Gold prices in Pakistan dropped sharply on Friday, following a significant decline in international bullion markets. The price of gold fell by Rs14,900 per tola, bringing the rate down to Rs438,036. The decline affects investors, jewellers, and consumers tracking precious metal prices across the country.

According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of 10 grams of gold also declined substantially. The rate for 10 grams fell by Rs13,410 to settle at Rs374,205. The sharp decrease reflects the strong influence of global market movements on domestic gold prices.

Meanwhile, international gold prices recorded a major decline during the trading session. The global rate of gold fell by $149 ...