US EditionGold, Silver Hit Record Highs
12 Articles
12 Articles
Sueddeutsche Zeitung
The gold price in London reached a record high of US$3719.95. It also rose to EUR3166.98 in euros. Falling interest rates and geopolitical risks drive demand.
The price of gold reached close to $3,720 on Monday, which is almost 77,000 crowns per troy ounce, or 31.1 grams. Demand for the yellow metal was supported last week by the US central bank, the Fed, when it cut interest rates and signaled further easing of monetary policy.
Gold prices have begun a new upward trend, reaching a record high of $3,728 per troy ounce on Monday (September 22), continuing a trend that has tripled since the end of 2022. Due to a number of factors, gold demand is expected to remain strong for some time.
All-Time High! Massive Increase in Gold Prices Across Pakistan
Gold prices in Pakistan surged to an all-time high on Monday, creating ripples across bullion markets nationwide. According to market dealers, the price of 24-karat gold per tola jumped sharply, reaching its highest-ever level, as global and domestic factors continued to exert pressure on precious metal rates. The steep rise comes amid fluctuations in international gold prices, coupled with the depreciation of the Pakistani rupee against the US …
Gold prices up by Rs.3,400 to Rs.393,700 per tola
The price of 24-karat gold per tola rose by Rs3,400 on Monday, reaching Rs393,700 compared to Rs390,300 the previous day, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). Similarly, the rate of 10 grams of 24-karat gold increased by Rs2,915, now priced at Rs337,534, against Rs334,619 a day earlier. The price of 10 grams of 22-karat gold also moved up by Rs2,672, reaching Rs309,417, compared to Rs306,745 on the previo…
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