Gold Rallies as Global Rates Near 4-Month High

Gold rallies as global rates near 4-month high

Gold prices in Pakistan advanced on Friday, following gains in the international market, where the precious metal was set for its best monthly performance since April. Global prices held steady as US inflation data reinforced expectations that the Federal Reserve could cut interest rates next month. In the local market, the price of gold per tola rose by Rs1,200 to settle at Rs363,800, according to the All Pakistan Sarafa Gems and Jewellers Asso…

Gold Jumps to Four-Month High on Hopes of U.S. Rate Cuts

Gold prices rose in the local market on Saturday, despite the global exchanges being closed for the weekend, after the metal ended the week with strong gains of 2.3%, hitting a four-month high. The rally came amid mounting expectations that the U.S. Federal Reserve will cut interest rates in September.

Gold price surge again in Pakistan, reached new heights

KARACHI: The rate of gold increased again in Pakistan and touched a new height According to the All Pakistan Gems & Jewelry Traders & Manufacturers Association, the price of gold has increased by Rs1,200, bringing the per tola rate to Rs363,700.Additionally, the price of 10 grams of gold has risen by Rs943, reaching Rs311,814.  The association also reported that in the international market, the price of gold has increased by $12, with the curren…

Gold prices up by Rs.1,200 per tola

The price of 24 karat per tola gold increased by Rs.1,200 and was traded at Rs.363,800 on Friday against its sale at Rs362,600 the previous day, All Pakistan Sarafa Gems and Jewelers Association reported. The prices of 10 grams of 24 karat also increased by Rs. 943 to Rs.311,814 from Rs. 310,871 whereas that of 10 grams of 22 karat gold went up by Rs.864 to Rs285,839 from Rs 284,975. The rates of per tola and ten gram silver remained stagnant at…

Gold price continues to rise in Pakistan

Gold prices in Pakistan increased on Friday, mirroring the upward trend in the international market. In the local market, gold price per tola reached Rs363,800 after a gain of Rs1,200 during the day. As per the rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), 10-gram gold was sold at Rs311,814 after it gained Rs943. On Thursday, gold price per tola reached Rs362,600 after an increase of Rs900. The international rat…

Gold price per tola gains Rs1,200 in Pakistan

Gold prices in Pakistan increased on Friday in line with their gain in the international market. In the local market, gold price per tola reached Rs363,800 after a gain of Rs1,200 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs311,814 after it accumulated Rs943. On Thursday, gold price per tola reached Rs362,600 after a gain of Rs900 during the day. The inter…