Gold price gains Rs600 per tola in Pakistan



2022-02-08 18:27:00

Picture displaying some gold-plated hour statues — Reuters/File
  • Gold price rise by Rs515 per 10 grams to settle at Rs106,996.
  • Worldwide gold price edges larger by $5.
  • Silver costs in the home market stays unchanged.

KARACHI: In keeping with the worldwide market, gold costs in Pakistan recorded a achieve of Rs600 per tola on Tuesday to settle at Rs124,800.

The price of the valuable commodity rose by Rs515 per 10 grams to settle at Rs106,996 per 10 grams, respectively.

Cumulatively, the yellow metallic had misplaced Rs1,900 per tola in the native market through the week that ended on February 4.

The worldwide gold price edged larger by $5 to shut at $1,818 as mounting inflationary pressures and issues round Ukraine saved the valuable metallic in demand, whereas traders await extra information this week to weigh how aggressively the US Federal Reserve will hike rates of interest.

Nonetheless, it’s pertinent to say that the gold charges in Pakistan are round Rs1,000 beneath price in comparison with the gold fee in the Dubai market.

In the meantime, silver costs in the home market remained unchanged at Rs1,450 per tola and Rs1,243.14 per 10 gram in the present day.

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