Gold prices extended their upward trend in both international and domestic markets, while silver rates remained unchanged on Tuesday.

In the international bullion market, the price of gold rose by $15 per ounce, reaching $5,035.

In the local market, the price of gold per tola increased by Rs1,500 to Rs526,262. Similarly, the price of 10 grams of gold climbed by Rs1,286 to Rs451,184.

Meanwhile, silver prices held steady. The rate per tola remained unchanged at Rs8,615, while the price of 10 grams of silver also stayed stable at Rs7,385.

Spot gold fell 0.8% to $5,022.57 per ounce by 0524 GMT. The metal gained 2% on Monday, as the dollar weakened to its lowest level in more than a week. Gold scaled a record high of $5,594.82 on January 29.

US gold futures for April delivery lost 0.7% to $5,044.80 per ounce.

Spot silver slipped 2.8% to $81.08 an ounce, after rising nearly 7% in the previous session. It had hit an all-time high of $121.64 on January 29.

Spot platinum shed 2.3% to $2,075.18 per ounce, while palladium lost 1.3% to $1,718.37.

Read: Bullion surges to Rs524,762/tola on softer dollar

Earlier on Monday, in the local market, gold per tola climbed by Rs5,300 to settle at Rs524,762, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association. Similarly, the price of 10-gram gold increased by Rs4,544 to Rs449,898. On Saturday, gold per tola had surged by Rs11,700 to Rs519,462.

Silver prices also moved higher, gaining Rs346 to reach Rs8,615 per tola.

Adnan Agar, Director at Interactive Commodities, said gold remained range-bound despite recent volatility. Gold touched a low near $4,960 and a high around $5,080 during the day, and the market was later hovering near $5,066, he noted, adding that prices largely consolidated between $4,800 and $5,100 in recent sessions.

He emphasised that the upcoming US non-farm payrolls data would be a critical trigger for market direction, while geopolitical developments, particularly involving Iran, could also influence price movements. “Unless gold sustains above $5,200, it may remain range bound, but a drop below $4,800 could trigger fresh downside,” Agar said.