China's gold buying tops 1,000 tons

The Express Tribune reported that latest customs data put China's gold imports above 1,000 tons through August 2026, a total that already exceeds everything it brought in during 2025. Customs records dating to 2017 rank January to August 2026 as the highest for that span, with the volume passing the 1,000-ton mark well clear of earlier years.

Adnan Agar of Interactive Commodities attributed the buying to robust investment demand that keeps onshore prices slightly above world benchmarks, a premium that draws in more shipments. He added that a firmer yuan and lower overseas prices also support purchases. Zijie Wu of Jinrui Futures, cited by Bloomberg, said the premium and investment appetite continued pulling metal into the country.

In Pakistan, the All-Pakistan Gems and Jewellers Sarafa Association put the 24-karat tola rate down Rs1,800 at Rs455,736 on Tuesday, extending Monday's Rs2,700 drop, while silver shed Rs62 to Rs7,038 per tola. Internationally, spot gold slipped 0.4% to $4,325.03 an ounce and remains more than 22% below its January all-time high, amid a shift toward tighter Federal Reserve policy. Traders put the odds of a December rate increase at 90%, and the rupee closed at 277.21 against the dollar, up Rs0.01.