The price of gold witnessed a drop in Pakistan after the value of yellow metal decreased in the international market on Monday.

The price of 24-karat of pure gold declined by Rs1,100 per tola to reach Rs2,04,600 per tola in the Pakistani yellow metal bazaar.

The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) shows the price of 10 grams of 24 Karats gold dropped by Rs944 to settle at Rs1,75,411 per 10-gram.

The price of 10 grams of 22 karats gold also dropped and settled at Rs1,60,794.

In the international market, the commodity price decreased by $28 to reach $1,950 per ounce.

Meanwhile, silver prices in the domestic market remained unchanged at Rs2,250 per tola and the price of 10 grams silver remained unchanged at Rs1,929.