Gold price in Pakistan falls by Rs600 per tola

MG News | January 16, 2024 at 02:44 PM GMT+05:00

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January 16, 2024 (MLN): Domestic bullion retraced on Tuesday, with the price of 24-karat gold in Pakistan falling by Rs600 per tola to Rs217,300.

The Karachi Sarafa Association reported that the price of 10-gram 24-karat gold stood at Rs186,300, reflecting a gain of Rs514.

While the price of 10-gram 22-karat gold stood at Rs170,775.

Meanwhile, silver remained stable in the domestic market, with 24-karat silver being sold at Rs2,650 per tola and Rs2,271.94 per 10-gram.

On the global front, international spot gold fell $15 or 0.74%, currently trading at $2,039 [02:44pm PST].

However, when the Karachi Sarafa Association reported the local rates, the spot rate in the international market was down by $8.

To note, 24-karat gold in Pakistan recorded a decline for the second consecutive week last week.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,470.00	64,470.00 63,875.00	255.00 0.40%
BRENT CRUDE	98.70	101.19 95.13	-1.99 -1.98%
RICHARDS BAY COAL MONTHLY	105.75	0.00 0.00	-1.55 -1.44%
ROTTERDAM COAL MONTHLY	121.10	121.10 121.10	0.70 0.58%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	90.47	92.83 87.68	-1.72 -1.87%
SUGAR #11 WORLD	14.76	14.79 14.54	0.07 0.48%