Gold Price per Tola Falls Rs10,900 in Pakistan
Hotter U.S. inflation data and hawkish Federal Reserve comments pushed traders to price in a rate hike next month, lifting the dollar and pressuring bullion.
- Following the inflation report on Wednesday, November 11, 2026, spot gold fell about 3% to $4,013 an ounce. This decline pushed prices below the critical $4,000 level after U.S. consumer prices rose 0.4% in October.
- Reinforcing expectations for a tightening cycle next month, hotter-than-expected inflation data pressured the market. Simultaneously, the U.S. dollar index climbed to 102.2, significantly pressuring bullion worldwide as markets reacted to the report.
- The 10-year Treasury yield rose to 4.983%, nearing the 5% mark. These higher yields increased the opportunity cost of holding non-yielding bullion, creating a significant headwind for precious metals during the recent market sessions.
- Markets now fully price in a quarter-point increase, with the probability of a half-point hike rising to 13.2%. Federal Reserve Bank of Chicago President Austan Goolsbee called the report "borderline disturbing."
- Investors remain focused on Friday's U.S. Producer Price Index report for further signs of market direction. Meanwhile, strong central bank buying in the third quarter has provided a potential floor for gold prices.
112 Articles
112 Articles
Gold falls to lowest level in over one year
New York: Gold prices extended losses for a third consecutive session on Thursday, falling around three percent to their lowest level in more than a year.Spot gold dropped 2.9 percent to US$3,871.31 per ounce by 17:30 GMT, after touching its lowest level since October 2025 earlier in the session.US gold futures for December delivery fell 3.2 percent to $3,872 per ounce.
Inflation concerns are keeping interest rate expectations high.
Kreiszeitung
Higher than expected US inflation data slow the recovery in gold prices. Which support zone counts now, which resistances await and how the interest rate expectations determine the direction.
The Nation
The Frontier PostGold prices fall sharply by Rs10,900 per tola
Gold prices witnessed a sharp decline in the domestic market on Thursday, with the price of 24-karat gold per tola falling by Rs10,900 to Rs416,536, according to rates issued by the All Pakistan Sarafa Gems and Jewellers Association.
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