The international spot price of gold fell by $46 to reach $4,050 per ounce on Friday, extending a period of downward pressure on the precious metal.
The decline in the global benchmark triggered a corresponding drop in local markets, with prices in Pakistan falling by Rs4,600 per tola.
On Wednesday, the local tola rate had already dropped by Rs4,700, tracking a simultaneous slide in international benchmarks where the spot price fell by $47.
This latest move follows a sharp retreat earlier in the week.
On Wednesday, the local tola rate had already dropped by Rs4,700, tracking a simultaneous slide in international benchmarks where the spot price fell by $47.
The consistent downward trajectory suggests that selling pressure remains intact across both global and regional markets.
The sustained decline marks a notable shift from the elevated levels seen in recent months.