On Wednesday, the price of gold in Pakistan experienced a decrease of Rs. 1,200 per tola, closing at Rs. 211,800.

Data provided by the All-Pakistan Gems and Jewellers Association (APGJA) revealed that the price of 24-carat gold fell by Rs. 1,200 per tola to reach Rs. 211,800, while the price of 10 grams decreased by Rs. 1,029 to settle at Rs. 181,584.

Also Read: Gold Prices in Pakistan Surge by Rs. 4,950 Per Tola in Past Week

It’s worth noting that the previous day, the price of gold had seen an increase of Rs. 900 per tola, following a decrease of Rs. 1,200 per tola on Monday.

At the international level, gold rates were recorded at $1,983 at 5 PM (Pakistan Standard Time).

It’s important to highlight that gold prices had been on the rise, breaking the $2,000-mark last week, primarily due to strong safe-haven investments prompted by the turmoil resulting from the Israel-Palestine conflict.