Pakistan, May 20 -- Gold prices in Pakistan recorded a sharp decline on Wednesday as both local and international bullion markets witnessed downward pressure amid changing global economic conditions and geopolitical uncertainty.

Read More: Gold prices dip slightly while silver records increase in market

According to the rates released by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs6,800, bringing the new rate to Rs470,362 compared to Rs477,162 in the previous trading session.

Similarly, the price of 10 grams of 24-karat gold dropped by Rs5,830 and settled at Rs403,259, down from Rs409,089.

In the international bullion market, gold prices declined by $68 per ounce to reach $4,48...