42 Posts

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Gold rates register another spike in Pakistan

  • 3 min
Gold rates in Pakistan saw another spike as the 24-karat per tola gold was sold at Rs234,800, with a Rs3,800 increase from the last trading day. The price of 10 grams of 24-karat gold also rose to Rs201,303. The international gold rate reached $2,254 per ounce, marking a record high.
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Gold firms on hopes for Fed rate cut in June

  • 3 min
Gold prices edged higher as hopes for a Fed rate cut in June and a weaker dollar boosted bullion's appeal. Spot gold rose 0.1% to $2,166.39 per ounce, with U.S. gold futures up 0.4% to $2,167.70. Traders anticipate a 74% probability of rate cuts in June, with expectations shaped by upcoming U.S. core PCE price index data.
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Gold pulls back from record high ahead of US CPI data

  • 3 min
Gold retreated from its record high ahead of the US CPI data, signaling a potential end to nine consecutive sessions of gains. Spot gold fell 0.3% to $2,176.79 per ounce, below the record $2,194.99 on Friday, with US gold futures also down 0.3%. The market awaits the US CPI report for further indications on the Federal Reserve's next move. Bullion remains supported by strong speculative interest and solid physical demand.
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Gold shines in Pakistan as price increases slightly

  • 2 min
Gold prices in Pakistan have slightly increased, with the rate of 24 karat gold rising by Rs450 to Rs228,600 per 10 grams, according to the All Sindh Sarafa Jewellers Association. The international market also saw a $6 increase to $2180 for the price of gold, while other metals remained steady with a weekly gain expected.
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Gold prices decline in Pakistan

  • 2 min
Gold prices in Pakistan fell by Rs1100 per tola according to the All Pakistan Jewellers Manufacturers Association. The domestic price for 10 grams increased by Rs944 to Rs184,156. In the international market, the price of gold rose by $8 to $2,048 per ounce. Spot gold held at $2,030.12 per ounce.
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Gold rates continue to increase in Pakistan

  • 3 min
Gold rates in Pakistan continued to rise, with 24 karat gold increasing by Rs700 to Rs 215,800 per tola and Rs185,014 per 10 grams. The international market saw a slight decrease, falling to $2,054 from $2,056. Meanwhile, the Pakistan Stock Exchange experienced notable growth and positive trends, with the KSE-100 index gaining 2,943 points.
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Gold prices see massive increase in Pakistan

  • 1 min
Gold prices in Pakistan surge as the per tola rate of 24 karat gold increased by Rs1100, reaching Rs214,300 in the domestic market. The price of both per tola and 10-gram silver also rose, alongside a global uptick in gold prices by $8 to $2042. However, spot platinum fell while palladium rose.
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Gold on track for best week since Dec

  • 2 min
Gold prices are steady as investors await U.S. non-farm payrolls data for clues on potential rate cuts by the Federal Reserve. Prices have risen 2% this week, reaching their highest level since Jan. 3. Fed Chair Powell's dismissal of spring rate cuts did not affect gold's support, with markets anticipating a rate cut in May.
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Geopolitics to boost ‘haven’ gold in 2024: industry

  • 3 min
The World Gold Council predicts a significant increase in gold demand in 2024 due to geopolitical uncertainty, despite a slowdown in consumer demand. The record-high price in 2023 was influenced by factors such as the Israel-Hamas war and speculation about US interest rate cuts. Central bank buying and geopolitical instability are expected to drive gold demand this year.