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 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,525.00 112,170.00
111,420.00
-720.00
-0.64%
BRENT CRUDE 70.15 70.22
69.91
-0.04
-0.06%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.30 68.39
68.04
-0.08
-0.12%
SUGAR #11 WORLD 16.54 16.61
16.08
0.41
2.54%

Chart of the Day


Latest News
July 10, 2025 at 06:22 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 09, 2025 at 11:58 PM GMT+05:00

Auction Result: Govt raises Rs1.5tr through T-bills


July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25



Top 5 things to watch in this week

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