{"id":27544,"date":"2025-11-15T12:04:03","date_gmt":"2025-11-15T12:04:03","guid":{"rendered":"https:\/\/ipp-news.com\/?p=27544"},"modified":"2025-11-15T12:04:03","modified_gmt":"2025-11-15T12:04:03","slug":"gold-prices-fall-in-local-international-markets","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=27544","title":{"rendered":"Gold prices fall in local, international markets"},"content":{"rendered":"
Gold prices declined in international and domestic markets on Saturday. In the international bullion market, gold dropped $91 per ounce to $4,083.<\/p>\n

In local markets, the price of gold per tola fell by Rs9,100 to Rs430,662, while 10 grams of gold decreased by Rs7,799 to Rs369,223.<\/p>\n

Spot gold was down 1.9% at $4,092.72 per ounce as of 02:33 p.m. ET (1933 GMT), after earlier sliding more than 3%. Despite the fall, bullion is up 2.3% so far this week.<\/p>\n

Read: Gold prices rise despite global dip<\/p>\n

In other metals, spot silver edged down 2.8% to $50.84 per ounce but is still up 5.2% for the week.<\/p>\n

Earlier this week, gold prices in Pakistan edged higher on Tuesday, continuing their upward trend despite a slight decline in international markets.<\/p>\n

Locally, the price per tola rose from Rs5,900 to Rs435,762, while 10-gram gold was sold for Rs373,595, up Rs5,065, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).<\/p>\n

On Monday, gold had surged by Rs7,400 per tola, closing at Rs429,862. Internationally, gold prices eased slightly on Tuesday after hitting a near three-week high earlier, as traders booked profits.<\/p>\n

Market optimism over the potential resumption of US economic data releases and hopes that the Federal Reserve may cut interest rates next month helped limit losses.<\/p>\n

Adnan Agar, Director of Interactive Commodities, while commenting on market dynamics, noted that gold’s daily high reached $4,148, with a low of $4,097. “After touching the high, prices dipped about $40, when the US session opened.<\/p>\n

There is strong support at $4,155; if breached, gold could rise to $4,200-4,220. However, if resistance holds, it may retract to $4,080-4,050,” he said.<\/p>\n

“We just got into good resistance around the halfway back point and that probably prompted some profit-taking on longs after Monday’s strong gains and perhaps a little bit of speculative selling up there as well,” said Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals.<\/p>\n

Read More: Gold prices rise in global, local markets<\/p>\n

The US Senate on Monday approved a compromise that would end the longest government shutdown on record. The shutdown has triggered a data blackout, leaving policymakers and markets without key indicators on jobs and inflation.<\/p>\n

The central bank trimmed rates at its latest meeting, but Chair Jerome Powell stressed that another cut this year was far from certain. Markets see a 64% chance of a rate cut in December, CME’s FedWatch Tool showed.<\/p>\n

Meanwhile, the Pakistani rupee edged higher against the US dollar on Tuesday, gaining 0.01% in the inter-bank market. It closed at 280.78, up Rs0.03 from the previous session. On Monday, the rupee had ended at 280.81.<\/p>\n

According to Ismail Iqbal Securities, at the close of trading, the Pakistani rupee appreciated 0.01% day-on-day against the US dollar, settling at 280.78.<\/p>\n

On a calendar year-to-date basis, the currency has depreciated 0.79%, while it has gained 1.06% in the fiscal year to date.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Gold prices declined in international and domestic markets on Saturday. In the international bullion market, gold dropped $91 per ounce to $4,083. In local markets, the price of gold per tola fell by Rs9,100 to Rs430,662, while 10 grams of gold decreased by Rs7,799 to Rs369,223. Spot gold was down 1.9% at $4,092.72 per ounce […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-27544","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/27544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27544"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/27544\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}