Gold price in Pakistan falls Rs2,100 per tola

Gold prices in Pakistan eased on Monday, based on figures from the All-Pakistan Gems and Jewelers Sarafa Association, Mettis Global reported. The 24-karat variety sold at Rs439,936 per tola, down Rs2,100. Per 10 grams, the same purity changed hands at Rs377,174, a Rs1,800 decline, while 22-karat gold was quoted at Rs345,755 for 10 grams.

Silver followed a similar path locally. The 24-karat metal was priced at Rs6,532 per tola, Rs23 lower, and Rs5,600 per 10 grams, down Rs19. Abroad, spot bullion hovered around $4,177 an ounce after shedding $13.6, or 0.33 per cent, compared with the prior trading session.

The report linked the bullion market's recent direction to a softer US dollar, cheaper crude and positioning ahead of inflation data due this week. Those figures could sway the Federal Reserve's upcoming rate decision.