Business
Gold price sharply increases in Pakistan
Gold price settles at Rs125,900 after gaining Rs700 per tola in the domestic market
Karachi: Gold price on Thursday increased by Rs700 per tola and Rs601 per 10 grams in the domestic market.
According to the All Sindh Sarrafa and Jewelers Association, the gold price in Pakistan recorded an increase of Rs700 per tola as it settled at Rs125,900 per tola and Rs107,939 per 10 grams today.
In the international market, the gold prices rose by $20 per ounce to close at $1,837 as a retreat in US Treasury yields and the dollar sparked investor interest, with concerns surrounding inflation and geopolitics lending support.
It is pertinent to mention that the gold rates in Pakistan are around Rs1,500 below the cost compared to the gold rate in the Dubai market.
Meanwhile, silver prices in the domestic market remained unchanged at Rs1,450 per tola and Rs1,243.14 per 10 grams today.
-
Pakistan 1 day ago
Punjab CM addresses closing ceremony of CM Pink Games 2024
-
Business 18 hours ago
PKR slightly weakens against dollar in interbank
-
Pakistan 13 hours ago
PM vows to work closely with Italy to cement bilateral ties
-
Crime 18 hours ago
Lahore’s biggest drug supplier, Jordan gang, arrested
-
Regional 2 days ago
Sindh govt introduces smart card for bus fares in Karachi
-
Sports 16 hours ago
PCB introduces T20 World Cup 2024 kit for Pakistan team
-
Pakistan 2 days ago
Zardari approves appointments of Punjab, KP, Balochistan governors
-
Sports 1 day ago
Pakistan women’s team arrives in London today