Pakistan, May 8 -- Gold prices in Pakistan saw a big drop on Thursday. The price per tola of 24-karat gold fell by Rs4,200, bringing the new rate to Rs352,700, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price for 10 grams of gold declined by Rs3,601, now selling at Rs302,383. This fall followed a short-lived increase of Rs800 per tola just a day earlier on Wednesday, when the rate had touched Rs356,900.

The decline followed global trends. In the international market, gold dropped by $42 and stood at $3,343 per ounce, including a premium of $20. This international correction likely triggered the drop in local prices.

Silver prices also dropped slightly. The per tola rate of silver fell b...