Gold price in Pakistan inches closer to all-time high

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

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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	119,565.00	119,610.00 117,905.00	1945.00 1.65%
BRENT CRUDE	72.27	72.82 72.16	-0.97 -1.32%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	69.90	70.41 69.80	-0.10 -0.14%
SUGAR #11 WORLD	16.46	16.58 16.37	-0.13 -0.78%