KARACHI – Gold prices in Pakistan saw little drop in line with the international market trend, as the precious metal lost Rs1,000 per tola in local market.
On Saturday, price of gold remained at Rs395,800 per tola. The rate for 10 grams was recorded at Rs339,334 after a fall of Rs858.
Gold Rates Today
City | Gold Price |
Karachi | 396,800 |
Lahore | 396,800 |
Islamabad | 396,800 |
Peshawar | 396,800 |
Quetta | 396,800 |
Sialkot | 396,800 |
Hyderabad | 396,800 |
Faisalabad | 396,800 |
In the global market, gold prices eased as stronger-than-expected US economic data dampened hopes of an early interest rate cut by the Federal Reserve, boosting the dollar ahead of an important inflation report.
Spot gold slipped 0.2% to $3,741.21 per ounce as of 0147 GMT, though it remained up 1.6% for the week. US gold futures for December delivery stayed flat at $3,771.30 per ounce.
Meanwhile, silver prices in Pakistan moved upward, gaining Rs64 per tola to reach Rs4,499.