On Monday, gold prices continued to climb in Pakistan due to concerns over the country’s external financing and the delay in the revival of the International Monetary Fund (IMF) programme. The rupee resumed its downtrend, losing Re0.84, or 0.30%, against the US dollar in the interbank market. This pushed the price of gold in the […]
In anticipation that the US Federal Reserve will take a less aggressive approach to rate rises moving ahead, gold prices slipped down on Tuesday from a more than eight-month high achieved in the previous session. After reaching its highest level since the end of April on Monday, spot gold dropped 0.4% to $1,910.60 per ounce […]
The current price of 24-karat gold in local bullion is Rs. 182,000 per tola in Pakistan as of January 7, 2023. This represents the 24-karat gold price in Pakistan as reported by several bullion markets in Karachi and Multan. It is important to note that, with a few hundred rupees of variation across cities, gold […]
On Wednesday, the prices of gold and silver increased once again, with gold rapidly rising and reaching a new six-month high. On Tuesday, silver reached an eight-month high. This first trading week of 2023 is marked by the demand for safe haven assets amid shaky global equity markets. Chart-based purchasing is also being sparked by […]
Rising Gold Prices in Pakistan have broken all previous records, reaching the climax, as it has been increased by PKR 33000 per tola. On Monday, which was the first business day in Pakistan in the calendar year, while the gold prices were steady in the international market, they surpassed previous inflation records. The price per […]
On Thursday, the price of gold inched higher as a result of a slight pullback in the yields on US Treasury securities. However, bullion prices remained contained within a narrow range as market participants awaited new indications on the plans of the Federal Reserve to raise interest rates. After falling by 1% in the previous […]