December 11, 2024 (MLN): Gold price in Pakistan increased on Wednesday, with 24-karat gold being sold at Rs280,500 per tola, up Rs3,100.
The boost in gold prices is supported by escalating geopolitical tensions and expectations of another rate cut by the Federal Reserve next week, ahead of a closely watched U.S. inflation report.
Similarly, 24-karat gold per 10-gram was sold at Rs240,484 after a gain of Rs2,658, 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 Rs220,443 per 10-gram.
Similarly, silver prices rose in the domestic market, with 24-karat silver being sold at Rs3,450 per tola (+Rs50) and Rs2,958 per 10-gram (+Rs43).
PKR (24-karat per tola)
Dec 11, 2024
Dec 10, 2024
DoD
1 Month
FYTD
CYTD
Gold
280,500
277,400
3,100
10,000
38,800
60,500
Silver
3,450
3,400
50
200
600
770
Globally, spot gold traded near $2,695 an ounce, down $0.9 or 0.03% from the previous session.
