Gold price in Pakistan falls Rs4,000 per tola

Mettis Global reported that 24-karat gold in Pakistan was selling for Rs449,336 per tola on Tuesday, down Rs4,000 on the day. Per 10 grams, the metal fetched Rs385,233 after a Rs3,429 decline, based on figures from the All-Pakistan Gems and Jewelers Sarafa Association.

The 22-karat variety was also priced lower at Rs353,143 per 10 grams. In contrast, domestic silver held steady, with 24-karat silver selling at Rs6,802 per tola and Rs5,831 per 10 grams.

Internationally, spot gold hovered near $4,274 an ounce after slipping $13.6, or 0.32 per cent, in the previous session. Traders are now looking ahead to the U.S. Federal Reserve's interest rate announcement for clues on the direction of borrowing costs.