Gold stays firm at Rs437,536 despite global uptick

Gold prices in Pakistan remained unchanged on Tuesday, while the precious metal gained in the international market, as a pause in the rise in US Treasury yields and a weaker dollar supported demand. The price of gold remained at Rs437,536 per tola in the local market, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association. Similarly, the price of 10-gram gold stood unchanged at Rs375,116. On Monday, gold had risen by Rs1,200 per tola. The price of silver also remained unchanged at Rs6,588 per tola on Tuesday. In the international market, spot gold rose 0.6% to $4,163.16 per ounce by 12:22 pm EDT (1622 GMT), while US gold futures for December delivery gained 0.8% to $4,191, according to Reuters. The gains came as the dollar weakened and the recent rally in US Treasury yields paused, making dollar-denominated gold relatively more attractive. Investors were also...