Tag: Yellow MEtal
-
Second consecutive decline: Gold price drops by more than Rs6,000 per tola
The price of gold in Pakistan fell for the second consecutive day on Tuesday, as the rupee depreciated against the US dollar. The price of 24 karat gold decreased by Rs6,300 per tola (11.66 grammes) and Rs5,402 per 10 grammes, to settle at Rs232,800 and Rs199,588, respectively. The decline in gold prices was in line…
-
Gold prices rise on weaker Pakistani rupee and economic outlook
On Tuesday, gold prices rose further to reach a one-week peak achieved last week, supported by a weaker Pakistani rupee. Investors were keeping an eye on upcoming economic developments that could impact the market’s direction. The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price of gold (24 carats) rose by Rs500 per…
-
Gold bounces back by Rs2,200 to Rs207,200 per tola
As the international precious metal markets rose Thursday in response to a hawkish US Federal Reserve, investors were also drawn to gold as their available saving choices remained constrained. Pakistan’s gold price likewise maintained its impressive run. The price of gold (24 karats) climbed by Rs2,200 per tola and Rs1,887 per 10 grammes to settle…
-
Gold price increases by Rs1,200 to Rs187,200 per tola
The per tola price of 24-karat gold witnessed an increase of Rs1,200 on Saturday and was traded at Rs187,200, up from Rs186,000 the previous trading day. The price of 10 grammes of 24-karat gold also increased by Rs1,029 to Rs160,494 according to All Sindh Sarafa Jewellers Association. Although gold is often used as an inflation…
-
Experts predict gold price may reach Rs200,000 per tola soon
On Wednesday, the price of gold reached another record high as it continued its upward trend. The price of precious yellow metal in Pakistan is currently higher than the global market. Gold prices increased by Rs900 per tola and Rs772 per 10 grammes, respectively, according to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA). These…
-
Gold price hits new all-time high of Rs187,200 per tola
For the first time in Pakistan’s history, the price of gold passed Rs187,000 per tola.
-
Gold price hits historic high of Rs169,650 per tola in Pakistan
On Monday, the price of gold in Pakistan reached an all-time high of Rs169,650 a tola as investors continued to seek refuge in the safe-haven metal due to growing worries that the country’s economic situation will become worse.
-
Gold prices hit an all-time high of Rs152,000 per tola
On Wednesday, the price of gold in Pakistan rose to an all-time high, reaching Rs152,000 per tola, primarily as a result of increased demand and the weakening of Pakistani rupee (PKR). Just on Wednesday, gold prices increased by Rs2,500. The price per tola has climbed by a total of Rs10,900 since July 1 with the…