gold,

Gold rates decline in Pakistan

Gold prices in Pakistan dropped as the tola rate of 24 karat gold decreased by Rs1400, while the price of 10 grams of 24 karat gold increased by the same amount to Rs213,800. The international market saw a $12 rise to $2035. Silver prices also decreased, as per All Sindh Sarafa Jewellers Association.

Gold rates in Pakistan today; January 19 2024

Gold rates in Pakistan saw an increase on January 19, 2024, with the price for 10 grams of 24 karat gold rising by Rs1300 to Rs215,000. The international market also experienced a rise in gold prices, with spot gold increasing by $13 to $2045. Additionally, spot platinum rose to $910.72 and palladium to $945.57.

Gold firms as Middle East jitters outweigh US inflation data

Gold prices rose as Middle East tensions overshadowed strong US inflation data. Spot gold was up 0.5% at $2,038.19 per ounce, with US gold futures up 1.2% at $2,042.90. The ongoing conflict in the Middle East and expectations of a US economic slowdown are supporting gold's price. Other precious metals also saw gains.

Gold prices climb up in Pakistan

Gold prices in Pakistan rose on Thursday, with the 24 karat per tola rate increasing by Rs200. The price of 10 grams of 24 karat gold also rose by Rs200. Additionally, silver prices went up by Rs171 for both per tola and 10 grams. Internationally, the price of gold rose by $5 to $2052.

Gold rates drop further in Pakistan

Gold rates dropped in Pakistan, with 24 karat gold decreasing by Rs.1,800 per tola to Rs.218,200, and 10 grams of 24 karat gold decreased by Rs.1,543 to Rs.187,071. The price of silver also declined. Internationally, gold was sold at $2,067. The Pakistani rupee gained against the US dollar, settling at 281.67. FBR finalized a tax scheme for retailers.

Gold sits above $2,000 on track for best year in three

Gold prices have reached over $2,000 an ounce, marking the best year for gold since 2020. The U.S. Federal Reserve's potential interest rate cut in March has bolstered hopes, with gold investors anticipating further price increases in the coming year. Silver is set to register a 0.5% yearly decline, while platinum and palladium show contrasting trends.

Gold touches 10-day high

Gold prices reached a 10-day high due to the weakening U.S. dollar and Treasury yields following the Federal Reserve's indication of ending its monetary policy tightening cycle. Spot gold rose 0.4% to $2,034.31 per ounce, while U.S. gold futures settled 2.4% higher at $2,044.90. Lower interest rates and a weaker dollar are set to benefit gold prices further. - Khabristan.PK

Gold prices continue to decline in Pakistan

Gold prices in Pakistan saw a decrease today, as 24-karat gold dropped by Rs1800 per tola to Rs213,600, and 10 grams of 24-karat gold also decreased by Rs1443 to Rs183,128. In the international market, gold dropped by $13 to $2,005. The decline was attributed to a 0.3% decrease in the dollar's value. Silver, platinum, and palladium also experienced price increases. [Source: ARY NEWS] - Khabristan.PK