Gold prices fall for second day in global, local markets
Globally, gold prices rose for a third straight session, helped by a softer dollar and safe-haven demand amid economic and geopolitical uncertainty. photo: Reuters
Gold prices continued to fall in both international and local markets for the second consecutive day.
The price of gold in the international bullion market dropped by $36 per ounce, settling at $3,295.
Meanwhile, locally, the price of gold per tola decreased by Rs3,600, bringing it down to Rs347,900.
Similarly, the price of gold per 10 grams saw a reduction of Rs3,086, dropping to Rs298,268.
Spot gold was down by 1.6% at $3,289.93 per ounce, while U.S. gold futures dropped 2.3% to $3,287.80.
Elsewhere, spot silver slipped 1.4% to $32.88 per ounce, platinum fell 1.1% to $1,073.22 and palladium dropped 1.3% to $974.50.
On the other hand, the Pakistan Stock Exchange (PSX) ended nearly unchanged as investors took a cautious stance ahead of the FY26 budget, with the KSE-100 Index rising by over 100 points on Tuesday.
The index closed at 118,332.90, marking an increase of 111.78 points, or 0.09%.