Pakistan, June 27 -- Karachi - Gold prices in Pakistan saw a sharp decline on Thursday, driven by a global downturn in bullion rates. This drop offers a potential buying opportunity for local investors and consumers ahead of the upcoming wedding season.

According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold per tola (11.66 grams) dropped by Rs5,000, bringing it down to Rs351,000.

Similarly, the price for 10 grams of gold was reduced by Rs4,287, now priced at Rs300,925.

On the international front, gold prices experienced a major dip. The global rate fell by $53 per ounce, settling at $3,290. Experts attribute the decline to a strengthening US dollar and investor profit-taking, as global markets ...