Gold falls Rs1,000 per tola
MG News | September 12, 2024 at 12:26 PM GMT+05:00
September 12, 2024 (MLN): Gold price in Pakistan decreased on Thursday, with 24-karat gold being sold at Rs263,000 per tola, down Rs1,000.
Yesterday, gold surged to an all-time high in Pakistan. The yellow metal is up Rs43,000 or 19.6% so far this year as traders brace for the start of US Federal Reserve monetary easing from next week.
The Karachi Sarafa Association reported the price of 24-karat gold at Rs225,480 per 10-gram, down Rs857.
Similarly, the price of 22-karat gold was quoted lower at Rs206,690 per 10-gram.
On the other hand, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs2,900 per tola and Rs2,486 per 10-gram.
Globally, spot gold traded near $2,515 an ounce, up $3.6 or 0.14% from the previous session.
| PKR (24-karat per tola) | Sep 12, 2024 | Sep 11, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 263,000 | 264,000 | -1,000 | 6,500 | 21,300 | 43,000 |
| Silver | 2,900 | 2,900 | 0 | 50 | 50 | 220 |
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