Gold price in Pakistan falls Rs800 per tola
MG News | December 16, 2024 at 05:17 PM GMT+05:00
December 16, 2024 (MLN): Gold price in Pakistan decreased on Monday, with 24-karat gold being sold at Rs277,000 per tola, down Rs800.
Similarly, 24-karat gold per 10-gram was sold at Rs237,482 after a decline of Rs687, 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 Rs217,693 per 10-gram.
On the other hand, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs3,400 per tola and Rs2,915 per 10-gram.
| PKR (24-karat per tola) | Dec 16, 2024 | Dec 13, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 277,000 | 277,800 | -800 | 9,600 | 35,300 | 57,000 |
| Silver | 3,400 | 3,400 | 0 | 150 | 550 | 720 |
Globally, spot gold traded near $2,663 an ounce, up $11.7 or 0.44% from the previous session.
Gold prices gained on Monday on a softer dollar, while investor caution set in ahead of the U.S. Federal Reserve's policy meeting where the central bank is expected to deliver a third rate cut this year and provide hints regarding its 2025 outlook.
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