Gold jumps to new record in Pakistan

MG News | October 16, 2024 at 12:59 PM GMT+05:00
October 16, 2024 (MLN): Gold price in Pakistan jumped to a fresh record on Wednesday, with 24-karat gold being sold at Rs277,200 per tola, up Rs2,200.
It is up 26% so far this year, with the US Federal Reserve interest-rate cut optimism boosting appeal for the precious metal.
The Karachi Sarafa Association reported the price of 24-karat gold at Rs237,654 per 10-gram, up Rs1,886.
Similarly, the price of 22-karat gold was quoted higher at Rs217,850 per 10-gram.
On the global front, spot gold traded near $2,676 an ounce, up $15.6 or 0.59% from the previous session.
On the other hand, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs3,050 per tola and Rs2,615 per 10-gram.
PKR (24-karat per tola) | Oct 16, 2024 | Oct 15, 2024 | DoD | 1 Month | FYTD | CYTD |
---|---|---|---|---|---|---|
Gold | 277,200 | 275,000 | 2,200 | 9,200 | 35,500 | 57,200 |
Silver | 3,050 | 3,050 | 0 | 100 | 200 | 370 |
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