Gold price in Pakistan rises Rs2100 per tola

November 29, 2024 (MLN): Gold price in Pakistan increased on Friday, with 24-karat gold being sold at Rs277,300 per tola, up Rs2,100.

Similarly, 24-karat gold per 10-gram was sold at Rs237,740 after a gain of Rs1,800, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

The price of 22-karat gold was also quoted higher at Rs217,928 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.

Globally, spot gold traded near $2,662 an ounce, up $23.6 or 0.90% from the previous session on the back of the softer US dollar and rising geopolitical tensions.

President Vladimir Putin warned of a potential new strike on Ukraine using a nuclear-capable ballistic missile, following Moscow's recent large-scale attack on critical energy infrastructure, according to news reports.

However, Gold is set to decline by more than 2% for the week, as markets awaited further US data for additional insights into the Federal Reserve's monetary policy outlook.

Copyright Mettis Link News