Karachi: (RightNow) A significant drop in gold prices has been observed across Pakistan, benefiting jewelry buyers.

The All Pakistan Sarafa Gems and Jewelers Association reports that the price of 24-carat gold per tola has decreased by 4,600 rupees, bringing the new price to 427,436 rupees.

Additionally, the price of 24-carat gold per 10 grams has fallen by 3,944 rupees, setting the new price at 366,457 rupees.

Experts state that global investor strategies, changes in the US dollar value, and central bank policies impact gold prices.

It is noteworthy that the decrease in global market prices has also led to cheaper gold in the local market, providing an opportunity for buyers.