Pakistan, April 9 -- Gold prices in Pakistan witnessed a significant decline on Thursday, with the rate per tola dropping by Rs 9,500, reflecting fluctuations in both local and international markets.

Read More: Gold prices continued their upward trend in local market

According to the All Pakistan Gems and Jewellers Association, the new price of gold per tola stands at Rs 494,662 after the latest decrease. Similarly, the price of 10 grams of gold has fallen by Rs 8,145, bringing it down to Rs 424,092.

Market analysts attribute the downward trend to changes in the global bullion market, where gold prices also experienced a notable dip. Internationally, the price of the precious metal declined by $95 per ounce, settling at $4,723. This gl...