After a brief rise the previous day, gold prices in Pakistan fell sharply on Tuesday due to changes in international rates.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold dropped by Rs3,500 per tola, bringing it down to Rs420,362.

In the local market, 10 grams of 24-karat gold fell by Rs3,001 to Rs360,392. Likewise, 10 grams of 22-karat gold were sold at Rs330,263, showing a decrease of Rs2,859 from the previous day.

In the global market, gold prices also went down by $35 to $3,980 per ounce. This decline was mainly due to the strengthening of major currencies and a cautious approach by investors.