According to the All Sindh Sarafa Jewellers Association, gold rates decreased by Rs300 to Rs111,800 per tola in Pakistan on Wednesday, reported 24NewsHD TV channel.
Similarly, 10 grams gold price also decreased by Rs258 to Rs95,850.
The price of 22-carat gold reached Rs87,863 per 10 grams.
In the international market, the gold rate dropped by $1 per ounce.