Gold prices in Pakistan fell on Tuesday, with 24-karat gold being sold at Rs441,862 per tola, down Rs1,900 from the previous day. The price of 24-karat gold per 10-gram also declined by Rs1,629, reaching Rs378,825, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
Meanwhile, 22-karat gold was quoted at Rs347,268 per 10-gram, reflecting a similar downward trend. In contrast, silver prices remained stable in the domestic market, with 24-karat silver trading at Rs6,102 per tola and Rs5,231 per 10-gram.
Global market trends influence local rates
On international markets, spot gold edged down slightly to $4,174.91 per ounce as investors awaited the U.S. Federal Reserve’s two-day policy meeting. U.S. gold futures for December delivery also slipped to $4,202.70 per ounce.
Market analysts said the focus is on whether the Fed will adopt a more cautious approach to easing monetary policy. “Earlier in the month, Jerome Powell signalled hawkish rate-cut guidance,” said Kelvin Wong, a senior market analyst at OANDA. “Investors are now adjusting positions ahead of the policy meeting.”
The Fed is widely expected to announce a quarter-point rate cut, but analysts anticipate guidance indicating that further easing may be limited.
Recent U.S. data showed consumer spending in line with expectations, improved consumer sentiment in December, and a sharp drop in private payrolls for November, although jobless claims reached a three-year low.
Read More: Gold Price in Pakistan Today | Latest Update
