According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold slipped by Rs2,700 per tola to Rs444,162.

The 10-gram rate dropped by Rs2,315 to Rs380,797.

A day earlier, the per-tola price had risen by the same margin to settle at Rs446,862.

Silver prices also eased on Tuesday, falling by Rs41 to Rs6,004 per tola.

Globally, gold dropped by $27 to $4,218 per ounce, including a $20 premium.

The metal retreated after touching a six-week high in the previous session, as rising US Treasury yields and profit-taking pressured prices.

Investors also awaited key US economic data for signals on the Federal Reserve’s policy direction.

Spot gold was down 0.4% at $4,216.13 per ounce by 0436 GMT.

US gold futures for December delivery slipped 0.7% to $4,246.60 per ounce, while benchmark 10-year US Treasury yields hovered near a two-week high.