Gold price in Pakistan falls Rs700 per tola
MG News | January 06, 2025 at 03:41 PM GMT+05:00
January 06, 2025 (MLN): Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs275,000 per tola, down Rs700.
Similarly, 24-karat gold per 10-gram was sold at Rs235,768 after a decline of Rs600, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
The price of 22-karat gold was also quoted lower at Rs216,121 per 10-gram.
On the other hand, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs3,350 per tola and Rs2,872 per 10-gram.
| PKR (24-karat per tola) | Jan 06, 2025 | Jan 04, 2025 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 275,000 | 275,700 | -700 | 600 | 33,300 | 2,400 |
| Silver | 3,350 | 3,350 | 0 | -50 | 500 | 0 |
Globally, spot gold traded near $2,632 an ounce, down $9 or 0.34% from the previous session.
Gold prices retreated on Monday as U.S. Treasury yields firmed, while investors' attention turned to economic data for clues on the Federal Reserve's interest rate trajectory in 2025 after the central bank flagged a slower pace of rate cuts this year.
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