Gold surges in Pakistan as Goldman reiterates $3,000 target for 2025
MG News | November 19, 2024 at 12:17 PM GMT+05:00
November 19, 2024 (MLN): Gold rebounded in Pakistan on Tuesday as Goldman Sachs Group Inc. reiterated a forecast for international prices to reach $3,000 an ounce next year.
24-karat gold was sold at Rs273,500 per tola after a gain of Rs3,600.
Globally, spot gold surged by the most since August after Goldman Sachs analysts advised investors to “go for gold.” The precious metal extended gains to $2,618 an ounce after jumping almost 2% yesterday.
Similarly, 24-karat gold per 10-gram was sold at Rs234,482 after an increase of Rs3,086, 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 Rs214,942 per 10-gram.
On the other hand, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs3,250 per tola (-Rs0) and Rs2,786 per 10-gram (-Rs0).
| PKR (24-karat per tola) | Nov 19, 2024 | Nov 18, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 273,500 | 269,900 | 3,600 | -8,300 | 31,800 | 53,500 |
| Silver | 3,250 | 3,250 | 0 | 100 | 400 | 570 |
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 165,476.02 586.85M | 4.44% 7032.60 |
| ALLSHR | 100,326.78 1,176.99M | 3.98% 3840.78 |
| KSE30 | 51,034.76 269.10M | 4.71% 2294.50 |
| KMI30 | 243,038.50 165.37M | 5.62% 12928.05 |
| KMIALLSHR | 66,437.48 585.10M | 4.38% 2789.44 |
| BKTi | 46,623.32 123.78M | 4.64% 2065.31 |
| OGTi | 32,472.12 22.09M | 5.08% 1568.73 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 112,770.00 | 114,040.00 112,755.00 | -315.00 -0.28% |
| BRENT CRUDE | 62.09 | 62.40 62.02 | -0.30 -0.48% |
| RICHARDS BAY COAL MONTHLY | 80.50 | 80.50 80.50 | -1.00 -1.23% |
| ROTTERDAM COAL MONTHLY | 89.00 | 89.00 88.75 | -0.10 -0.11% |
| USD RBD PALM OLEIN | 1,085.00 | 1,085.00 1,085.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 58.44 | 58.79 58.37 | -0.26 -0.44% |
| SUGAR #11 WORLD | 15.87 | 15.94 15.36 | 0.26 1.67% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|