Price of gold per tola rises by Rs4,100 to settle at Rs388,100 in the local market
(Web Desk): Gold prices in Pakistan continued their upward trajectory, reaching new all-time highs in line with global market gains.
On Tuesday, the price of gold per tola rose by Rs4,100 to settle at Rs388,100 in the local market, according to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price of 10-gram gold increased by Rs3,514, reaching a record Rs332,733.
This surge follows Monday’s substantial increase, when gold prices jumped by Rs6,100 to reach Rs384,000 per tola.
Internationally, gold prices also climbed sharply. As per APGJSA, the global rate for gold stood at $3,654 per ounce (including a $20 premium), reflecting a gain of $41. Spot gold rose 0.5% to $3,651.96 per ounce as of 04:30 GMT, while US gold futures for December delivery advanced 0.4% to $3,690.90.
The rally in gold is being driven by a weaker US dollar and declining bond yields, as markets increasingly anticipate a Federal Reserve interest rate cut later this month. Meanwhile, silver prices in Pakistan rose by Rs20, reaching Rs4,358 per tola.
MAGA’s favorite psychedelic
- 10 گھنٹے قبل
This animal kills 100,000 people a year. Why can’t we stop it?
- 10 گھنٹے قبل
Xbox fans want exclusives, more backward compatibility, and free online multiplayer
- 12 گھنٹے قبل
Leaked images reveal Xbox Elite 3 controller
- 12 گھنٹے قبل
Apple’s accessibility features add more AI-powered processing
- 12 گھنٹے قبل
PM reaffirms resolve to ensure success of CPEC next phase
- 20 گھنٹے قبل
Dyson’s super-slim PencilWash just hit its best price to date for Memorial Day
- 12 گھنٹے قبل
WHO says Ebola risk high regionally, low worldwide
- 20 گھنٹے قبل
Pakistan condemns unlawful interception of Global Sumud Flotilla by Israeli forces
- ایک گھنٹہ قبل
Microsoft starts canceling Claude Code licenses
- 12 گھنٹے قبل
Army officers, soldiers, martyrs honoured with military awards at GHQ ceremony
- ایک گھنٹہ قبل
Musk v. Altman proved that AI is led by the wrong people
- 12 گھنٹے قبل
