Gold surges to fresh record of Rs272,000
MG News | September 20, 2024 at 04:40 PM GMT+05:00
September 20, 2024 (MLN): Gold prices in Pakistan surged to a fresh record on Friday, with 24-karat gold being sold at Rs272,000 per tola after a jump of Rs3,500.
Globally, spot gold also rose to an all-time high of $2,614 an ounce, up $26.9 or 1.04% from the previous session after the Federal Reserve’s half-percentage-point interest-rate cut.
The Karachi Sarafa Association reported the price of 24-karat gold at Rs233,196 per 10-gram, up Rs3,001.
Similarly, the price of 22-karat gold was quoted higher at Rs213,763 per 10-gram.
On the other hand, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs2,950 per tola and Rs2,529 per 10-gram.
| PKR (24-karat per tola) | Sep 20, 2024 | Sep 19, 2024 | DoD | 1 Month | FYTD | CYTD |
|---|---|---|---|---|---|---|
| Gold | 272,000 | 268,500 | 3,500 | 11,000 | 30,300 | 52,000 |
| Silver | 2,950 | 2,950 | 0 | 0 | 100 | 270 |
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