Gold prices in the local market saw a sharp decline of Rs. 4,700 per tola today. According to the All Sarafa Association, the price of gold per tola now stands at Rs. 301,500, while the price of 10 grams dropped by Rs. 4,030, reaching Rs. 258,487.

In the international market, gold prices fell by $50, bringing the rate down to $2,883 per ounce.

Notably, this decline comes just a day after gold prices had surged by Rs. 2,200 per tola. The fluctuating trend in gold prices continues to impact local investors and traders.