Overview
- APGJSA set the local benchmark at Rs437,362 per tola after a Rs7,538 cut, with 10-gram gold at Rs374,967 and down from Rs444,900 per tola on Tuesday.
- Silver in Pakistan fell by Rs151 per tola to Rs5,110, tracking the broader retreat in precious metals.
- Global spot gold hovered near $4,109 per ounce, slipping 0.4% after a drop of more than 5% the previous day.
- U.S. December gold futures edged up 0.4% to about $4,124 per ounce, showing a modest divergence from spot during the selloff.
- Market participants pointed to profit-taking and easing U.S.-China trade tensions as factors alongside caution before key U.S. inflation readings.