Local currency closes at 280.47/$, up 4 paisa; gold falls Rs2,700/tola

Gold and rupee trade.

Gold prices fell in Pakistan on Tuesday, tracking the decline in international markets, where the metal slipped more than 1% as investors took profits after a six-week high in the previous session.

In global trade, spot gold dropped 1.4% to $4,173.91 per ounce by 11:09 am ET (1609 GMT), with markets awaiting key US economic data ahead of Feder

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