ISLAMABAD: Gold prices in Pakistan reduced in the international market as investors awaited key guidance from the US Federal Reserve, here on Monday.
As per the Sarafa Association, rate of gold decreased by Rs900, bringing the per-tola rate to Rs 454,862. The price of 10 grams also climbed, decreasing Rs 772 to reach Rs 389,970.
| Category | Increase | New Price |
|---|---|---|
| Gold per tola | Rs900 | Rs 454,862 |
| Gold per 10 grams | Rs 772 | Rs 389,970 |
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.
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