Gold gains Rs1,700 per tola
MG News | September 16, 2024 at 04:07 PM GMT+05:00
September 16, 2024 (MLN): Gold kicked off the week on a positive note, with 24-karat gold being sold at Rs268,000 per tola after a gain of Rs1,700.
Globally, spot gold traded near $2,581 an ounce, up $2.2 or 0.08% from the previous session.
The Federal Reserve will begin a crucial pivot this week, lowering interest rates for the first time in more than four years.

The Karachi Sarafa Association reported the price of 24-karat gold at Rs229,767 per 10-gram, up Rs1,458.
Similarly, the price of 22-karat gold was quoted higher at Rs210,620 per 10-gram.
On the other hand, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs2,950 per tola and Rs2,529 per 10-gram.
| PKR (24-karat per tola) | Sep 16, 2024 | Sep 14, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 268,000 | 266,300 | 1,700 | 7,800 | 26,300 | 48,000 |
| Silver | 2,950 | 2,950 | 0 | 0 | 100 | 270 |
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