News · tribune.com.pk

Gold falls as market awaits breakout

Gold in Pakistan fell Rs3,600 per tola to Rs435,436, and 10-gram gold dropped Rs3,086 to Rs373,316, according to the All-Pakistan Gems and Jewellers Sarafa Association, while silver held at Rs6,234 per tola. Internationally, spot gold was steady at $4,138.54 an ounce and December U.S. futures eased 0.1% to $4,157.90 as investors awaited next week's Fed meeting and PCE data. Analyst Adnan Agar said gold is trading in a tight range of $4,060 to $4,220, with a sustained drop below $4,000 possibly pushing prices to $3,700–$3,800 and a breakout above $4,250–$4,280 opening the way to $4,400 or $4,600. The rupee closed at 276.87 per US dollar, gaining Rs0.03.

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Related tickers and likely impact

PAXG/USDT

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PAX Gold

Relevance: medium

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$1.8B
Close on 10/20/20264,122.25
Change that session-0.28%
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XAUT/USDT

▼ Likely negative

Tether Gold

Relevance: medium

MarketCrypto
ExchangeBinance
SectorReal-world assets
Market cap$3.4B
Close on 10/20/20264,116.60
Change that session-0.42%
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XAU/USD

▼ Likely negative

Relevance: medium

MarketGold
Close on 10/20/20264,125.21
Change that session-0.38%
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