Overview

• The All Pakistan Gems and Jewellers Association reported a Rs2,500 drop in 24‑karat prices to Rs407,778 per tola, a day after hitting a record Rs410,278.
• International spot gold eased to about $3,865 an ounce after touching as high as roughly $3,895, reflecting a brief cooldown in the global rally.
• The State Bank of Pakistan raised Rs2.13 trillion through PIB and MTB auctions, with cut‑off yields clustered around the 11% mark.
• The rupee inched to 281.31 per US dollar in the inter‑bank market, a marginal improvement that helped moderate local bullion quotes.
• Analysts cited short‑term exhaustion of the rally, while noting that ongoing US budget uncertainty and upcoming jobs signals could sway safe‑haven demand.