Owing to economic uncertainty and rupee depreciation, the price of gold in Pakistan plunged over Rs4,000 on Thursday.
The price of precious commodities plunged by around Rs4,600 per tola and Rs3,940 per 10 grams to settle at Rs140,700 and Rs120,628, respectively.
Cumulatively, the price of gold plummeted by Rs6,550 per tola in the last three sessions (Tuesday-Thursday).
Meanwhile, the yellow metal stayed above the key $1,800-per-ounce level in the international market with a decrease of $8. The price settled at $1,831.
Gold rates in Pakistan are around Rs5,000 below the cost compared to the rate in the Dubai market.
Meanwhile, silver prices in the domestic market remained unchanged at Rs1,560 and Rs1,337.44 today.