Business
Gold price rises in Pakistan by Rs500 per tola
Price in the local bullion market up by Rs429 per 10 grams
Karachi: Owing to the international market, the gold price has increased in Pakistan on Wednesday.
The price of the precious metal rose by Rs500 per tola and Rs429 per 10 grams to settle at Rs127,150 and Rs109,011, respectively.
Gold dealers said that due to a lack of purchasing power, there is no demand in the local market.
In the international market, gold recorded a slight increase of $7 per ounce to settle at $1,845 as investors sought the safety of bullion amid the Ukraine-Russia crisis, with strength in the US dollar weighing on the metal ahead of an imminent rate hike by the US Federal Reserve.
Meanwhile, silver prices in the domestic market remained unchanged at Rs1,470 per tola and Rs1,260.28 per 10 grams today.
-
Pakistan 1 day ago
Smog: Orders to close all schools across Punjab
-
Business 21 hours ago
Gold price plunges Rs7,000 per tola in Pakistan
-
Pakistan 3 hours ago
Magnitude 5.3 earthquake in Islamabad, adjoining areas
-
World 1 day ago
Hours for Nawafil prayer scheduled in Hateem
-
Technology 23 hours ago
New feature for Gmail users
-
Regional 22 hours ago
Wedding bus capsizes in river, two dead, 22 missing
-
Pakistan 2 days ago
Smog, fog: Low visibility, Punjab motorways closed
-
Pakistan 22 hours ago
Punjab Police release PTI top leaders, SIC chief after brief detention