Gold holds steady at Rs412,136 per tola

Gold in Pakistan was unchanged on Tuesday at Rs412,136 per tola, while the 10-gram rate stayed at Rs353,340, The Express Tribune reported, citing the All-Pakistan Gems and Jewellers Sarafa Association. The local price followed a Rs2,400 per tola rise on Monday. Silver, by contrast, fell Rs120 to Rs5,368 per tola.

International spot gold was down 0.5% at $3,928.49 an ounce, with the stronger US dollar and higher Treasury yields weighing on bullion. Investors were also watching the US midterm election outcome for clues about fiscal policy; Adnan Agar of Interactive Commodities said uncertainty had kept international prices moving between $3,895 and $3,970. Oil fell around 2% to a three-week low, while the rupee strengthened Rs0.01 to close at Rs276.71 per dollar.