Gold, silver prices jump significantly in Pakistan

MG News | May 18, 2024 at 02:38 PM GMT+05:00

0:00

May 18, 2024 (MLN): Domestic bullion market gained significant momentum on Saturday in line with international prices, with 24-karat gold surging Rs3,100 and 24-karat silver surging Rs120 per tola.

The new rates for 24-karat gold and silver stood at Rs248,100 and Rs2,850 per tola, respectively.

On the global front, spot gold gained 2.3% this week to $2,415.2 an ounce.

Meanwhile, spot silver surged 11.9% to $31.49 an ounce, the highest since 2013.

It is worth noting that the gold price has been kept a significant Rs4,000 below its actual cost today.

"In view of the significant reduction in purchasing power, the price of gold today has been kept under cost by Rs4,000," Karachi Sarafa Association said.

Last week, 24-karat gold gained Rs5,500 per tola.

The Karachi Sarafa Association further reported the price of 24-karat gold at Rs212,706 per 10-gram, up Rs2,658.

Similarly, the price of 22-karat gold was quoted higher at Rs194,980 per 10-gram.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,680.00	117,795.00 116,905.00	-90.00 -0.08%
BRENT CRUDE	67.51	67.57 67.40	0.07 0.10%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.30	63.35 63.19	0.04 0.06%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%