Gold prices fell Tuesday in both international and local markets, with silver prices rising slightly. International bullion market saw gold drop $41 to $4,024 per ounce. Local market: Gold per tola declined by Rs4,100 to Rs424,836; 10-gram gold decreased by Rs3,515 to Rs364,228.
Silver gained 1% at $58.88 per ounce, platinum steady at $1,574.75, palladium up 1.5% to $1,232.16. All metals expected quarterly and monthly losses.
Local silver price rose by Rs25 to Rs6,349 per tola; 10-gram silver increased by Rs22 to Rs5,443. Monday’s gold decline followed US-Iran tensions, oil price hikes, and inflation concerns. Local rates: Gold per tola at Rs428,936 after a $2,300 drop; 10-gram gold sold for Rs367,743 after falling $1,972. Saturday’s gold closed at Rs431,236 with a $1,000 decline.