Pakistan, Oct. 2 -- Gold prices in Pakistan witnessed a major decline on Thursday after recently touching record levels, with international markets also showing a downward trend. The fall came as global gold rates dropped by $25 per ounce, pulling domestic rates lower as well. This adjustment brought relief for buyers after consecutive days of surging prices that had pushed gold to an all-time high earlier in the week.

According to the All Pakistan Gems and Jewellers Association, the price of 24-karat gold fell by Rs2,500 per tola, bringing it down to Rs407,778 from the previous Rs410,278. Similarly, the price for 10 grams of 24-karat gold declined by Rs2,144, settling at Rs349,603 compared to yesterday's Rs351,747. This sharp reduction ...