Local rates drop to Rs427,436/tola amid firmer dollar; rupee closes at 277.85/$Gold slips as investors await Fed policy decisionGold prices in Pakistan fell on Tuesday, tracking losses in the international market, amid a firmer US dollar and investor caution ahead of the Federal Reserve's policy decision. Internationally, spot gold dropped 0.7% to $4,045.29 per ounce by 11:55 am EDT, while US gold futures for August delivery declined 0.8% to $4,045.20, as per Reuters. Agar pointed to the upcoming US monetary policy announcement as a key event for the market. "The US monetary policy is coming out at night, which is very important for the entire market. Now, in the monetary policy, there's obviously a crude oil shock as well and in the context of US-Iran war, let's see what FOMC brings tomorrow (Wednesday)."