Gold prices fell sharply on Tuesday, with the international benchmark dropping $56 to settle at $4,017 per ounce.
The decline reflects a broader softening in precious metals markets, driven by shifting risk sentiment and currency dynamics.
In Pakistan, the local market mirrored the global downturn.
The price of gold per tola dropped by Rs5,600, continuing a steep downward trajectory that began the previous day.
Local dealers adjusted rates in line with the international spot price, passing the losses directly to consumers and investors.
This move extends a sustained period of weakness for the yellow metal.