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Gold price hits new peak in Pakistan

  • 2 min
Gold price hit a new peak in Pakistan as per tola price increased by Rs2200, reaching Rs251,900, and 10-gram surged by Rs1,887 to close at Rs215,964. In the international market, yellow metal was traded at $2412. Spot gold held steady at $2,384.19 per ounce, while silver rose 1.2% to $28.42 per ounce.
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Gold hits all-time high as Fed-fuelled rally continues

  • 3 min
Gold prices surged to a record high as the slowing US inflation trend fueled expectations of a mid-year interest rate cut by the Federal Reserve. Spot gold climbed 0.6% to $2,244.89 per ounce and hit an all-time high of $2,262.19. Rising rate cut expectations and geopolitical tensions have propelled gold prices by over 8% this year.
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Magnitude 6 earthquake hits parts of Pakistan

  • 2 min
A 6.0 magnitude earthquake hit parts of Punjab, Khyber Pakhtunkhwa, and Azad Jammu and Kashmir, with tremors felt in various areas including Swat, Islamabad, Lahore, and Peshawar. The earthquake's depth was 213 kilometers with the epicenter in the Hindukush region. A previous 3.3 magnitude earthquake had occurred in Gilgit with no reported damage.
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Magnitude 4.4 earthquake hits Islamabad, Rawalpindi

  • 1 min
A 4.4 magnitude earthquake hit Islamabad, Rawalpindi and surrounding areas at 5:30 am. The epicenter was in South-West Kashmir, with no reported loss of life or property damage. Similar earthquakes of 3.3 and 3.1 magnitudes hit Gilgit and Karachi in previous months, causing minor seismic activity.
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Gold Hits Over 2-Week Peak on Softer Dollar

  • 2 min
Gold prices rose to an over two-week high on Tuesday, as the U.S. dollar dipped on expectations that the Federal Reserve is done hiking interest rates, while investors awaited minutes from the central bank's latest meeting for further policy cues.
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Pakistan’s Weekly Inflation Hits 41.9%

  • 2 min
ISLAMABAD: Pakistan's weekly inflation remained elevated, marking a 41.90 percent year-on-year increase in the week ending on November 16, mainly due to the rising cost of gas, the Pakistan Bureau of Statistics (PBS) reported on Friday.