Gold Prices Drop Sharply After Four Days in Global and Local Markets

**Karachi (Qudrat Daily):** After a four-day upward trend, gold prices recorded a significant decline in both global and local markets.

In the international bullion market, the price of gold fell by **$214 per ounce**, bringing the new price down to **$4,850 per ounce**.

Following the global downturn, prices in the local bullion markets also dropped sharply. The price of **24-karat gold per tola** declined by **Rs 21,400**, settling at **Rs 507,762**, while the price of **10 grams of gold** fell by **Rs 18,347** to **Rs 435,324**.

Silver prices also witnessed a notable decrease. The price of **silver per tola** dropped by **Rs 1,430** to **Rs 7,825**, while the price of **10 grams of silver** declined by **Rs 1,226** to **Rs 6,708**.

Market analysts attribute the sharp decline to fluctuations in the international bullion market, which continue to influence local precious metal prices.