On Wednesday, the price of 24-karat gold per tola saw a decrease of Rs1300.
As per the All Pakistan Gems and Jewelers Association, in the wake of this reduction, the rate of gold per tola in the country is now Rs220,000.
Likewise, the cost of 10 grams of gold has also witnessed a decline of Rs1,115, bringing it to Rs188,614.
Separately, the US dollar continued its downward trend in the interbank market on Wednesday, closing at Rs281.72 after losing 17 paise.
According to the State Bank of Pakistan, the dollar opened at Rs281.89 and traded as low as Rs281.50 during the day.
The decline in the dollar’s value comes amid a stable exchange rate regime and improved foreign exchange reserves in the country.