Gold price in Pakistan rises Rs400 per tola
MG News | January 17, 2025 at 04:44 PM GMT+05:00
January 17, 2025 (MLN): Gold price in Pakistan increased on Friday, with 24-karat gold being sold at Rs282,600 per tola, up Rs400.
Similarly, 24-karat gold per 10-gram was sold at Rs242,283 after a gain of Rs342, 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 Rs222,100 per 10-gram.
On the other hand, silver prices fell in the domestic market, with 24-karat silver being sold at Rs3,406 per tola (-Rs27) and Rs2,920 per 10-gram (-Rs23).
| PKR (24-karat per tola) | Jan 17, 2025 | Jan 16, 2025 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 282,600 | 282,200 | 400 | 6,700 | 40,900 | 10,000 |
| Silver | 3,406 | 3,433 | -27 | 6 | 556 | 56 |
Globally, spot gold traded near $2,706 an ounce, down $8.4 or 0.31% from the previous session.
Gold prices eased on Friday but were still headed for a third consecutive week of gains, as U.S. inflation data and dovish comments from a Federal Reserve official revived hopes the central bank might cut interest rates more than once this year.
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