Gold prices in Pakistan remained relatively stable on Tuesday despite an increase in international precious metal markets. The increase was influenced by a weakening of US dollar and continuous uncertainty about US customs policies as well as truce between Russia and Ukraine.

Domesticallical, the price of gold arranged RS300 per Tola and reached RS342.800, according to All Pakistan Sarafa Gems and Jewelers Association (Apsgja). The price of 10-gram Gold rose RS257 for RS293.895.

This follows a significant gain on Monday, as gold rose RS4,000 per year. Tola and settled at RS342,500.

Interactive Crime Director Adnan Agar noted that Guldhandel remained muted all day.

“Today’s reach was relatively narrow with a high of $ 3,250 and a low low level of $ 3,206, while the market opened at $ 3,234. Currently, prices are hovering around $ 3,224,” he said.

Agar added that the level of $ 3,200 emerged as an important support zone.

“The market is consolidated within a row of $ 50. If prices close over $ 3,250 to $ 3,280 in the next two to three days, however, we can see a bullish breakout. A close below $ 3,200 could signal renewed downward pressure.”

Globally, gold prices rose more than 1% on Tuesday as the US dollar weakened further, while uncertainty caught on Trump’s customs policy and Russia-Ukraine weapons, according to Reuters.

Spot Gold rose 1.6% of $ 3,280.32 per year. Ounce with 1049 et (1449 GMT), while the US Gold Futures were 1.5% higher at $ 3,283.10.

The dollar slipped again on Tuesday, weighed by the Federal Reserve’s caution over the economy, after selling wide Monday after rating Agency Moody downgrading the American superb rating last week.

A softer dollar makes bullion cheaper for buyers holding other currencies.

“There is still a level of uncertainty in the market. Most notable Moody’s downgrade and the weakened dollar generally supported Precoure Metal’s Complex,” said David Meger, director of Metal’s Trading at High Ridge Futures.

Meanwhile, the Pakistani Rupie weakened a little against the US dollar in the bank market and recorded a marginal depreciation of 0.05%.

At the end of the trade, the local currency of 281.92 decided down RS0.15 compared to Monday’s closing rate of 281.77.

In the international market, the US dollar remained reach after a week’s gradual loss.

Greenback’s movement was limited by the Federal Reserve’s cautious economic prospects and progress among US legislators against passing legislation, which was expected to further expand the country’s tax deficit.