KARACHI: The price of gold in Pakistan witnessed a notable decrease on Wednesday, according to the All Pakistan Gems and Jewellers Association.

The price of 24-karat gold per tola dropped by Rs. 2,300, bringing it down to Rs. 341,900.

Similarly, the price of 10 grams of gold fell by Rs. 1,972, now standing at Rs. 293,124.

On the international level, gold prices also declined, with the rate dropping by $23 to $3,235 per ounce.

Earlier,  price of 24 karat per tola gold witnessed a decrease of Rs.1,800 and was sold at Rs.350,900.

According to the All Pakistan Sarafa Gems and Jewelers Association, prices of 10 grams of 24 karat also decreased by Rs.1,543 to Rs.300,840 from Rs.302,383 whereas the price of 10 grams of 22 Karat decreased by Rs.1,414 to Rs.275,780 from Rs.277,194.

The rates of per tola silver and ten gram silver remained unchanged at Rs.3,417 and Rs.2,929  respectively.

The price of gold in the international market also decreased by $18 to $3,325 from $3,343 whereas that of silver remained stagnant at $32.35, the Association reported.