Gold price in Pakistan inches closer to all-time high

MG News | April 01, 2024 at 01:25 PM GMT+05:00

0:00

April 01, 2024 (MLN): The domestic bullion continued its upward trend on Monday, with 24-karat gold gaining Rs2,800 to Rs237,600 per tola.

The yellow metal gained a substantial Rs19,100 in March in line with the surge in international gold prices.

The Karachi Sarafa Association reported that the price of 24-karat gold reached Rs203,704 per 10-gram, up Rs2,401 compared to previous session.

Similarly, the price of 22-karat gold was quoted at Rs186,728 per 10-gram.

On the other hand, silver prices remained unchanged, with 24-karat silver being sold at Rs2,600 per tola and Rs2,211.93 per 10-gram.

Globally, spot gold rose to a record amid cooled US inflation data.

Bullion jumped to $2,258.77 an ounce on Monday, up 1.3% from Thursday’s close. It is up 9.42% this year.

The US core personal consumption expenditures (PCE) index cooled in February, recording an increase of 0.3% MoM and 2.8% YoY.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	61,100.00	61,150.00 60,590.00	1265.00 2.11%
BRENT CRUDE	72.66	73.51 72.24	-1.08 -1.46%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.50	126.50 125.90	0.50 0.40%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	69.50	70.21 69.05	-0.84 -1.19%
SUGAR #11 WORLD	14.01	14.09 13.81	0.06 0.43%