Pakistan Gold Prices Jump Despite Softer Global Bullion

Overview

• The All-Pakistan Gems and Jewellers Sarafa Association reported a Rs5,900 rise per tola to Rs435,762 and a Rs5,065 increase per 10 grams to Rs373,595.
• International spot gold eased 0.1% to $4,110.42 per ounce after a near three-week high, with US futures down 0.1% to $4,116.30.
• Analyst Adnan Agar cited a daily high of $4,148 and a low of $4,097 and flagged nearby support and resistance levels guiding short-term direction.
• Zaner Metals strategist Peter Grant linked the dip to profit-taking after prices met technical resistance following strong gains.
• CME FedWatch showed roughly 64% odds of a December Fed rate cut, the US Senate approved a deal to end the shutdown, and the Pakistani rupee edged to 280.78 per dollar.