Pakistan, Jan. 15 -- Gold prices moved into reverse on Thursday after reaching record highs earlier this week, as profit-taking emerged in global markets and eased the sharp upward momentum seen over recent trading sessions.

In the international bullion market, gold prices fell by $37 per ounce, settling around $4,601, marking a notable pullback after several days of strong gains driven by investor demand.

This global decline quickly spilled into local markets, where the price of 24-karat gold per tola in Pakistan dropped by Rs3,700, bringing the new rate to Rs482,462.

Similarly, the price of 10 grams of 24-karat gold declined by Rs3,172, settling at Rs413,633, providing slight relief to buyers after weeks of continuous price increases...