Gold surges to new record in Pakistan

MG News | October 18, 2024 at 03:26 PM GMT+05:00

0:00

October 18, 2024 (MLN): Gold surged to a fresh record in Pakistan, with 24-karat gold being sold at Rs280,900 per tola after a jump of Rs3,000.

The yellow metal is up Rs60,900 or 27.7% so far this year.

Globally, spot gold topped $2,700 an ounce for the first time, as concerns over escalating conflicts in the Middle East and a tight US election race prompt investors to flock to safety.

The Karachi Sarafa Association reported the price of 24-karat gold at Rs240,826 per 10-gram, up Rs2,572.

Similarly, the price of 22-karat gold was quoted higher at Rs220,758 per 10-gram.

Similarly, silver prices rose in the domestic market, with 24-karat silver being sold at Rs3,100 per tola (+Rs50) and Rs2,658 per 10-gram (+Rs43).

PKR (24-karat per tola)	Oct 18, 2024	Oct 17, 2024	DoD	1 Month	FYTD	CYTD
Gold	280,900	277,900	3,000	12,400	39,200	60,900
Silver	3,100	3,050	50	150	250	420

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	158,183.95 217.77M	0.20% 313.44
ALLSHR	96,039.69 755.78M	-0.07% -68.77
KSE30	47,890.56 125.17M	0.10% 47.49
KMI30	225,260.19 74.23M	-0.64% -1448.03
KMIALLSHR	62,327.83 230.40M	-0.31% -193.35
BKTi	43,848.14 49.46M	-0.14% -63.41
OGTi	30,283.53 16.88M	-0.18% -54.46

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	105,160.00	105,635.00 102,870.00	2205.00 2.14%
BRENT CRUDE	64.51	65.15 64.42	-0.65 -1.00%
RICHARDS BAY COAL MONTHLY	85.25	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	95.90	0.00 0.00	0.20 0.21%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.41	61.06 60.32	-0.63 -1.03%
SUGAR #11 WORLD	14.26	14.34 14.18	0.01 0.07%