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.
27 Pakistanis are set to fly out of Uganda: FO
- 9 گھنٹے قبل
The surprising reason why pedestrian deaths are down in the US
- 20 گھنٹے قبل
Iran threatens painful response if US resumes attacks, oil prices seesaw
- 5 گھنٹے قبل
PM Shehbaz approves one-month extension in subsidy for transport
- 7 گھنٹے قبل
International Jazz Day observed
- 6 گھنٹے قبل
Commissioning ceremony of 1st HANGOR Class Submarine held in China
- 11 گھنٹے قبل
What are per tola gold prices in Pakistan, global markets today?
- 11 گھنٹے قبل
Caregiving has a burnout problem
- 20 گھنٹے قبل
Brent jumps to 4-year high as concerns of US-Iran war escalation
- 12 گھنٹے قبل
PM Shehbaz launches 'PM's Apna Ghar Scheme'
- 12 گھنٹے قبل
Mamdani calls on King Charles to return Koh-i-Noor diamond
- 10 گھنٹے قبل
Welcome to the May issue of The Highlight
- 20 گھنٹے قبل
