Gold prices in Pakistan remained stable on Tuesday, with the local market rate holding at Rs. 444,900 per tola, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 10-gram gold was unchanged at Rs. 381,430, after a Rs. 1,200 drop the previous day.
On Monday, gold prices had fallen by Rs. 1,400 per tola, settling at Rs. 444,900.
Internationally, gold was priced at $4,235 per ounce (with a $20 premium), as per APGJSA. Silver prices in the local market also remained steady, with silver per tola selling for Rs. 5,261.
On the global front, gold prices edged lower on Tuesday as investors booked profits following a record high in the previous session, driven by expectations of further interest rate cuts from the U.S. Federal Reserve and strong safe-haven demand.
Spot gold was down 0.3% at $4,340.29 per ounce as of 0248 GMT, after reaching an all-time high of $4,381.21 on Monday. U.S. gold futures for December delivery slipped 0.1% to $4,356.40 per ounce.
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.