The price of gold per ounce has dropped by $243, bringing the new international rate down to $4,767 per ounce. In Pakistan, the price of gold per tola decreased by Rs24,300, settling at Rs499,462 per tola.

Additionally, the price of gold per 10 grams in Pakistan declined by Rs20,833, reaching Rs428,208. The price of 22-karat gold was quoted at Rs392,538 per 10 grams.

In the global market, spot gold traded near $4,751 an ounce, down $84.8 or 1.75% from the previous session. The decline in gold prices is attributed to disruptions caused by the ongoing conflict involving the US, Israel, and Iran.

Furthermore, the price of silver also saw a decline, falling by $7.60 per ounce to $72.50. In local markets, the price of silver per tola decreased by Rs760 to Rs7,734, while the price of silver per 10 grams dropped by Rs652 to Rs6,630.

These significant changes in precious metal prices reflect the ongoing volatility in the market, influenced by geopolitical tensions and economic factors. Observers are closely monitoring the situation as further developments may impact future pricing.