Gold prices ease from two-week high as dollar edges higher
Gold prices in Pakistan fell on Thursday, mirroring a decline in international markets. The local price per tola dropped by Rs1,900 to Rs347,500.
Gold prices dipped 0.3% to $3,303.82 an ounce on Thursday after reaching a nearly two-week high earlier in the session, pressured by a stronger dollar, which makes the metal more expensive for holders of other currencies. U.S. gold futures also slipped 0.3% to $3,304.10. Analysts attribute the decline to profit-taking and the dollar’s recovery. Despite this, concerns over the U.S. government’s growing $36 trillion debt and recent fiscal decisions—including Moody’s downgrade of the U.S. credit rating and weak demand in a $16 billion Treasury bond sale—helped keep gold above the $3,300 level as investors seek safe-haven assets. Meanwhile, the House advanced President Trump’s tax and spending bill, stirring further fiscal concerns. Other precious metals also fell, with silver down 0.7% to $33.14, platinum dropping 0.7% to $1,068.97, and palladium slipping 2% to $1,015.97.
Frequently Asked Questions about
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Areas along the storm’s projected path, especially coastal and low-lying regions, are at the greatest risk.
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Keep pets indoors and ensure they have identification tags. Pack their food, medications, and comfort items in your emergency kit.
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Find a safe space in your home, such as a basement or interior room, and stay away from windows and doors.
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