Overview
- The APGJSA reported 24‑karat prices jumped by Rs3,500 to Rs419,862 per tola on Wednesday.
- The State Bank of Pakistan recorded the rupee essentially unchanged at 280.96 per US dollar.
- The US Federal Reserve reduced its overnight lending rate band to 4–4.25%.
- US spot gold fell about 0.9% to $3,915 after Powell said no decision has been made on a December cut.
- In India, gold prices stood at about Rs 1,21,040 per 10 grams on Thursday, with city quotes clustered near that level.