Pakistan, May 11 -- Gold prices in Pakistan recorded a sharp decline on Monday as local and international markets moved downward simultaneously. The price of 24-karat gold fell by Rs5,300 per tola, bringing relief to buyers after recent record highs. Meanwhile, jewellers reported that the downward trend also reflected weaker global demand and market adjustments.

In addition, the price of 10 grams of gold decreased by Rs4,544 and settled at Rs418,961 in the local market. This decline followed pressure from international bullion rates, which also showed a significant drop during the trading session. As a result, traders observed increased activity from small buyers looking to benefit from lower prices.

Moreover, the international gold mar...