Gold jumps to new record in Pakistan

By MG News | October 16, 2024 at 12:59 PM GMT+05:00

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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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