Gold steady despiteglobal slide

Gold prices in Pakistan remained unchanged on Friday despite a decline in international bullion markets, where stronger oil prices and a firmer US dollar weighed on investor sentiment and increased expectations of another US interest rate hike. In the local market, the price of gold per tola stayed steady at Rs475,362, according to rates issued by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price of 10-gram gold remained unchanged at Rs407,546. On Thursday, the domestic gold market had recorded a sharp increase of Rs5,000 per tola amid earlier global gains and currency-related adjustments. Internationally, spot gold fell 0.9% to $4,502.59 per ounce by 1457 GMT after touching an intraday low of around 1%, according to Reuters. Bullion was also headed for its second consecutive weekly decline, losing nearly 0.8% during the week. US gold futures for June ...