Pakistan Gold Prices Fall as International Market Softens
Gold prices in Pakistan fell by Rs500 to Rs427,936 per tola and Rs428 less to Rs366,886 for 10 grams on Tuesday. This decline came after a sharp increase of Rs1,700 to Rs428,436 per tola the previous day.
The international market also saw gold slipping by $5 to $4,055 per ounce, with spot gold trading near $4,053 an ounce.
Analysts say that gold is struggling to find a clear direction as investors weigh the possibility of another US interest rate hike against ongoing geopolitical risks.