Gold, silver prices jump in Pakistan
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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