Pakistan · World · Independent Digital Newsroom
On Monday, Brent closed at its highest since September 15.Gold prices in Pakistan rose on Tuesday, recovering part of the previous session's losses, as international bullion prices remained largely stable ahead of key US inflation data and remarks from the Federal Reserve (Fed) chair later this week.The Kremlin said on Tuesday that it did not see any direct link between a deal on exporting Russian diesel to the US and….
Russia was the world's third-biggest crude oil producer behind the US and Saudi Arabia in 2025, according to US energy data.
Sanctions designed to keep Russian energy out of global markets have helped support oil prices since Russia invaded Ukraine in 2022.Meanwhile, in the local market, the price of gold per tola increased by Rs900 to Rs440,836, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The price of 10-gramme gold also rose by Rs771 to Rs377,945.On Monday, gold had fallen by Rs2,100 per tola to Rs439,936.In the international market, spot gold edged down 0.1% to $4,164.70 per ounce by 1526 GMT, while US gold futures for December delivery declined 0.1% to $4,188.40 per ounce.Silver prices in the domestic market remained unchanged at Rs6,532 per tola.Director of Interactive Commodities Adnan Agar said the international gold market….
The market remained sluggish, with prices struggling to break out of their prevailing range.Agar identified the $4,240-$4,280 range as an important resistance zone, suggesting that gold could face difficulty moving higher unless prices crossed these levels.
His comments pointed to continued uncertainty over the near-term direction of bullion.Investors are awaiting US consumer price index (CPI) data due on Wednesday and producer price index (PPI) figures scheduled for Thursday.
Oil mixed as WTI hits two-week high Our Correspondent | Updated 5 minutes ago | Gold recovers as investors await US data; rupee appreciates one paisa.
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