Gold rates in Pakistan slipped on Tuesday, tracking a downturn in the international market as investors grew cautious ahead of key economic data from the US.
In the local market, the price of gold fell by Rs4,000 per tola to settle at Rs450,862. The rate for 10-gram gold also moved lower, dropping by Rs3,429 to Rs386,541, according to figures shared by the All-Pakistan Gems and Jewellers Sarafa Association.
The decline came a day after gold had touched Rs454,862 per tola on Monday, when prices rose by Rs2,600 during the session. The sharp swings reflect how closely the local market is following global trends.
International market
Internationally, gold prices eased as traders took a step back ahead of important US jobs and inflation data that could shape expectations around future interest rate moves by the Federal Reserve. Spot gold slipped by about 0.3 percent to around $4,290 per ounce, while US gold futures were also lower.
Market analysts say gold is testing a key level after a strong run this year. Bullion has surged more than 60 percent so far in 2025, hitting several record highs along the way. With prices near previous peaks, investors appear unsure whether the rally has enough strength to push higher or if momentum may start to cool.
Attention is now focused on upcoming US employment figures and inflation readings, which are expected to offer fresh signals on how quickly the Federal Reserve may ease monetary policy next year. Lower interest rates generally support gold, as the metal does not offer a yield and becomes more attractive when borrowing costs fall.
Back home, silver prices held firm despite the softer tone in global markets. Silver remained unchanged at Rs6,532 per tola, staying near its all-time high. In the international market, however, spot silver edged lower after recently touching record levels.
Other precious metals showed mixed movement. Platinum prices moved higher, while palladium also posted modest gains.
For now, traders say the gold market remains sensitive to global cues, with short-term direction likely to depend on incoming economic data and signals from central banks in the days ahead.
