Gold prices in Pakistan remained largely stable on Tuesday, with 24-karat gold trading at around Rs452,000 per tola in local bullion markets. The price for 10 grams of 24K gold stood near Rs387,500, while 22K gold was available at approximately Rs414,440 per tola. Market participants reported limited movement in domestic rates despite fluctuations in the international market.
The stability in local prices comes as global gold markets experienced a fresh decline. International spot gold slipped to around $4,320 per ounce, marking a third consecutive session of losses. Analysts attributed the downturn to rising US Treasury yields, which tend to reduce investor interest in non-yielding assets such as gold.
Financial experts said expectations that the US Federal Reserve may keep interest rates elevated for a longer period have also weighed on bullion prices. Higher interest rates generally strengthen competing investments and increase the opportunity cost of holding gold, putting pressure on demand.
Despite the recent weakness, gold continues to receive support from investors seeking protection against geopolitical and economic uncertainty. Ongoing tensions in the Middle East and concerns about global growth have helped prevent a sharper decline in prices. Some market observers believe safe-haven demand could provide support if global risks intensify again.
In Pakistan, gold prices are influenced not only by international bullion rates but also by the rupee-dollar exchange rate and local market demand. Traders noted that stable currency conditions have helped keep domestic prices relatively steady even as international prices fluctuate.
Looking ahead, analysts expect gold to remain sensitive to US economic data, interest-rate expectations, and geopolitical developments. Investors are closely monitoring global market signals to determine whether the precious metal can recover from recent losses or face additional pressure in the coming weeks.
