Gold price in Pakistan goes up by Rs900 per tola

News Image

By MG News | March 04, 2024 at 01:06 PM GMT+05:00

0:00

March 04, 2024 (MLN): Domestic bullion extended its winning streak on Monday with the price of 24-karat gold rising Rs900 per tola to Rs221,200.

The Karachi Sarafa Association reported that the price of 10-gram 24-karat gold reached Rs189,643 per tola, reflecting a rise of Rs771.

Similarly, the price of 10-gram 22-karat gold was noted at Rs173,840 per tola.

Conversely, silver prices remained unchanged today, with 24-karat silver being sold at Rs2,600 per tola and Rs2,229. per 10-gram.

It is crucial to note that last week saw a substantial boost in gold prices, with the price of 24-karat gold surging by Rs5,200 per tola.

International spot gold climbed to a 2-month peak on Friday after U.S. economic data strengthened expectations of a rate cut by June. 

The data on manufacturing activity in the U.S. showed that production slumped, while the data on prices came in line with market expectations, causing a further decline in the Dollar and resulting in gains for the safe-haven asset.

Hence, the spark being witnessed in the domestic market this week is directly linked with the rally in the international market.

International spot gold is currently trading at $2,086.62, reflecting a gain of $3.76 or 0.2% DoD, further benefitting domestic gold.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 130,344.03
345.79M
1.67%
2144.61
ALLSHR 81,023.99
1,021.87M
1.55%
1236.37
KSE30 39,908.26
141.62M
2.05%
803.27
KMI30 189,535.00
150.29M
1.40%
2619.39
KMIALLSHR 54,783.66
508.76M
1.07%
581.78
BKTi 34,940.73
55.86M
4.37%
1464.05
OGTi 28,296.06
16.02M
1.19%
333.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,135.00 108,430.00
105,440.00
2385.00
2.26%
BRENT CRUDE 67.81 68.10
66.94
0.70
1.04%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 109.15 110.00
108.25
1.65
1.53%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.17 66.43
65.23
0.72
1.10%
SUGAR #11 WORLD 15.71 15.97
15.58
0.01
0.06%

Chart of the Day


Latest News
July 02, 2025 at 05:29 PM GMT+05:00

CDNS revises profit rates on savings schemes


July 02, 2025 at 05:05 PM GMT+05:00

PSX in FY25: From Oof to Boom


July 02, 2025 at 05:01 PM GMT+05:00

Gold price in Pakistan falls Rs600 per tola


July 02, 2025 at 04:35 PM GMT+05:00

Oil gains slightly as market eyes Iran, OPEC+ moves


July 02, 2025 at 04:02 PM GMT+05:00

PSX Closing Bell: Record Breaker



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg