KARACHI – Gold prices in Pakistan shattered all previous records, as per tola rate jumped to Rs403,600 while rate for 10 grams rose by Rs5,058 to Rs346,021.
Gold Rates in Pakistan
City | Gold Price |
Karachi | Rs403,600 |
Lahore | Rs403,600 |
Islamabad | Rs403,600 |
Peshawar | Rs403,600 |
Quetta | Rs403,600 |
Sialkot | Rs403,600 |
Hyderabad | Rs403,600 |
Faisalabad | Rs403,600 |
Internationally, bullion climbed to record levels as the U.S. dollar weakened and expectations of further interest rate cuts by the Federal Reserve grew.
Spot gold rose 0.8% to $3,789.39 per ounce after touching an all-time high of $3,798.32, while U.S. futures for December delivery traded at $3,818.30. APGJSA reported the global rate at $3,818 per ounce, including a $20 premium, up by $59 on the day.
Silver prices also advanced in Pakistan, gaining Rs88 per tola to close at Rs4,792.