The price of 24-karat gold per tola dropped by Rs800 to Rs317,800 on Tuesday, down from Rs318,600 the previous day, according to the All Pakistan Sarafa Gems and Jewelers Association.
Similarly, 10 grams of 24-karat gold fell by Rs686 to Rs272,462, while 22-karat gold declined by Rs629 to Rs249,765.
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Silver prices remained unchanged at Rs3,475 per tola and Rs2,979 per 10 grams.
In the international market, gold dropped by $6 to $3,021, while silver stayed steady at $33.10.