In the domestic bullion market, Tuesday saw a relatively stagnant session, with the price of 24-karat gold slipping by Rs100 to Rs230,100 per tola.
Notably, this marks the first decline in gold prices in Pakistan following ten consecutive sessions of growth.
Just last week, the price of 24-karat gold surged by almost Rs10,000 per tola, reaching levels unseen since September 2023.
However, according to the Karachi Sarafa Association, the price of 10-gramme 24-karat gold dropped to Rs197,274 per tola, reflecting a decrease of Rs86.
Similarly, the price of 10-gramme 22-karat gold experienced a slight dip, settling at Rs180,834.
Contrastingly, silver prices remained stable today, with 24-karat silver maintaining its rate at Rs 2,600 per tola and Rs2,229.08 per 10-gramme.
On the global stage, international spot gold traded near $2,177.14 an ounce, marking a 0.26% decrease from the previous session.
Investors are closely monitoring Tuesday’s U.S. inflation data, anticipating its impact on monetary policy.
