In the local markets, the price of gold per tola dropped to Rs522,762, while 10 grams of gold fell to Rs448,184.
Following the decline, the price of gold per tola decreased by Rs1,800, while 10 grams became cheaper by Rs1,543.
Gold prices also dropped in the international market, where the price per ounce fell by $18 to $5,000.
Experts say fluctuations in the global market and changes in local supply and demand contributed to the decline in prices.