Gold price falls Rs1,000 per tola in Pakistan amid global market decline - The Nation (Pakistan )

AI desk brief

Gold prices extended their decline in Pakistan on Tuesday, with 24-karat gold down Rs1,000 per tola to Rs462,136 and 10-gram gold off Rs857 to Rs396,207, according to the All Pakistan Sarafa Association. Silver moved against the trend, rising Rs10 per tola to Rs7,069.

International bullion was also softer, with gold falling $10/oz to $4,396 as investors stayed cautious ahead of key U.S. inflation data. The weakness in global prices is continuing to feed through into local Pakistani rates, leaving the domestic market under pressure.

Near term, the key driver remains U.S. inflation prints and the implications for real yields and Fed expectations. A softer-than-expected reading would likely help gold stabilize, while another hot data point could extend the pullback and keep both international and local bullion bids subdued.