KARACHI: Gold prices moved higher in Pakistan on Tuesday, following an uptick in international bullion rates as oil prices and the US dollar weakened, while expectations of another Federal Reserve interest rate hike remained subdued ahead of key US inflation figures due later this week.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased by Rs900 per tola to reach Rs440,836.
The price of 24-karat gold per 10 grams also rose by Rs771, settling at Rs377,945.
In the international market, gold gained $9 per ounce to reach $4,183, according to the association.
Meanwhile, domestic silver prices remained unchanged, with the rate holding at Rs6,532 per tola.
