Gold prices in Pakistan saw a slight decline on Tuesday, reflecting ongoing fluctuations in the international market. In local trading over the past 3 hours, the price of gold per tola decreased slightly to Rs. 443,810, marking a drop of Rs. 130 from the day’s start, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This shift comes as investors remain cautious amid global economic uncertainty.
Internationally, the gold market has experienced a minor downturn. The global price of gold per ounce dipped by $4.54, standing at $4,189.69, down from $4,194.23 earlier in the day. This decline is attributed to mixed signals from the U.S. economy and geopolitical tensions, which have kept traders on edge.
Silver prices in the local market have shown a slight upward trend. The rate per tola increased to Rs. 58.19, a modest rise from Rs. 58.12 at the start of the trading day. This increase in silver prices suggests a diverging trend from gold, as investors seek alternatives amid fluctuating gold rates.
Globally, the precious metals market is under pressure due to varied economic indicators and policy shifts. The U.S. Federal Reserve’s stance on interest rates and inflation continues to influence global gold prices, causing fluctuations. Meanwhile, geopolitical tensions are adding to the market’s volatility, affecting investor confidence.
Overall, while the local gold market in Pakistan has experienced a slight decline, the international market remains volatile. Investors are advised to monitor global economic developments closely, as these factors are likely to continue impacting gold and silver prices in the near term.
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