ISLAMABAD: Gold prices in Pakistan moved up in international market as investors awaited key guidance from the US Federal Reserve, here on Wednesday.
As per the Sarafa Association, rate of gold jumped by Rs2,600, bringing the per-tola rate to Rs 454,862. The price of 10 grams also climbed, adding Rs 2,229 to reach Rs389,970.
| Category | Increase | New Price |
|---|---|---|
| Gold per tola | Rs2,600 | 454,262 |
| Gold per 10 grams | Rs 2,229 | 389,456 |
In the global market, gold gained $5, with the international rate quoted at $ 4,325 per ounce, including a $20 premium. Silver also saw upward movement in the domestic market, increasing by Rs232 to reach Rs6,684 per tola.
| Gold Rate | 22K Gold (Rs) | 21K Gold (Rs) | 18K Gold (Rs) |
| Per Tola | 420,758.33 | 392,087.5 | 336,075 |
| Per 1 Gram | 35,701 | 33,615.75 | 28,813.5 |
| Per 10 Gram | 357,014 | 336,157.5 | 288,135 |
| Per Ounce | 1,018,142.75 | 952,772.63 | 816,662.25 |
Spot gold was trading 0.2% higher at $4,215.61 per ounce at 0309 GMT, while US gold futures for February del–ivery rose by the same margin to $4,244.70 per ounce. Spot silver gained 0.6% to reach $61.06, after touching an all-time high of $61.46 earlier in the session.
ANKARA: Field Marshal Asim Munir held an important meeting with Turkish President Recep Tayyip Erdogan…
ISLAMABAD: The highly controversial Indian movie named 'Satluj' has been the talk of the town…
ISLAMABAD: In view of the increasing tension in the region and the fears of closure…
ISLAMABAD (Rizwan Abbasi): The International Monetary Fund (IMF) has projected that Pakistan’s average inflation rate…
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday strongly condemned the recent attacks on Saudi Arabia,…
KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…