OIL - DRIVEN INFLATION FEARS KEEP GOLD SUBDUED

What happened: Gold prices in Pakistan fell despite a slight recovery in international markets, as oil-driven inflation concerns and Middle East tensions weighed on sentiment. Key numbers: Domestic gold fell Rs900 per tola to Rs434,536; 24-karat gold per 10 grams dropped Rs772 to Rs372,544. Spot gold rose 0.1% to $4,127.31 per ounce. Silver fell Rs27 per tola to Rs6,207. Why it matters: Analysts said risks for gold prices remained skewed to the downside, reflecting uncertainty over rates and broader economic conditions ahead of the Federal Reserve's October 27-28 meeting.

Gold prices in Pakistan fell despite a slight recovery in international markets, as oil-driven inflation concerns and Middle East tensions weighed on sentiment.

Analysts said risks for gold prices remained skewed to the downside, reflecting uncertainty over rates and broader economic conditions ahead of the Federal Reserve's October 27-28 meeting.