Abb Takk News

Gold Rates Slightly Fall in Local Market

KARACHI: Gold rates in the local market slightly fell by Rs50 to Rs84,500 per tola.

The rate of 10 grams of yellow metal decreased by Rs40 to Rs74,445.

Gold was steady on Monday as investors await cues from the U.S. Federal Reserve on interest rates later this week, while trying to size up the chances of a new round of US tariffs on Chinese goods.

Spot gold was flat at $1,460 per ounce by 0500 GMT. U.S. gold futures was flat at $1,464.50.