Gold, silver prices jump in Pakistan

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MG News | September 25, 2024 at 01:17 PM GMT+05:00

September 25, 2024 (MLN): The prices of precious metals, gold and silver, jumped further on Wednesday as weak US data strengthened the case for deeper interest rate cuts.

24-karat gold rose by Rs2,500 to Rs275,500 per tola in Pakistan, while the price of silver also increased by Rs100 to Rs3,050 per tola.

Globally, spot gold climbed to a record $2,670 an ounce earlier today, before paring its gains.  A report on Tuesday showed US consumer confidence this month fell the most in three years.

The Karachi Sarafa Association reported the price of 24-karat gold at Rs236,197 per 10-gram, up Rs2,144.

Similarly, the price of 22-karat gold was quoted higher at Rs216,514 per 10-gram.

PKR (24-karat per tola) Sep 25, 2024 Sep 24, 2024 DoD 1 Month FYTD CYTD
Gold 275,500 273,000 2,500 11,800 33,800 55,500
Silver 3,050 2,950 100 100 200 370

 

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