Business

The price of gold in Pakistan has increased by Rs900 per tola

The price of gold in Pakistan has increased by Rs900 per tola

KARACHI: Gold prices in Pakistan increased by Rs900 per tola as the Pakistani rupee resumed its downward trend against the US dollar, crossing the Rs184 level in the interbank market once more.

The yellow gold increased by Rs900 per tola and Rs771 per ten gramme to Rs133,300 and Rs114,283, respectively.

The precious commodity market is still split between those who see gold as a hedge against inflation, growth concerns, and excessive volatility in other financial markets and those who don’t.

Gold fell $15 per ounce on the international market, settling at $1,976 per ounce.

When compared to the Dubai market, gold prices in Pakistan are roughly Rs4,000 lower.

Silver prices in the local market, meanwhile, remained constant today at Rs1,520 and Rs1,303.15.

Click to add a comment

Leave a Reply

Your email address will not be published.

More in Business

Car Financing

Car financing has increased by 25% as compared to previous year

Muhammad UsmanMay 20, 2022
Wells Fargo fake job interviews

Wells Fargo fake job interviews: Quest to Increase Diversity Leads to Fake Job Interviews

Muhammad UsmanMay 20, 2022
Mercedes-Benz 300 SLR Uhlenhaut Coupe

Mercedes-Benz 300 SLR Uhlenhaut Coupe: Is World’s Most Expensive Car At $143M

Muhammad UsmanMay 20, 2022
USD to PKR

USD to PKR – Dollar Rate in Pakistan | 20 May 2022

Muhammad UsmanMay 19, 2022
Today Gold Rate

Today Gold Rate in Pakistan | 20 May 2022

Muhammad UsmanMay 19, 2022
Honda Electric SUV

Honda Gives Us a First Look At Its First Electric SUV [Photos]

Muhammad UsmanMay 19, 2022
Gauss Auto Group

Gauss Auto Group to Open Dedicated Electric Vehicle Plant in Pakistan

Muhammad UsmanMay 19, 2022
Toyota IMC

Bookings at Toyota IMC have been halted again due to rupee volatility

Muhammad UsmanMay 19, 2022
USD to PKR

USD to PKR – Dollar Rate in Pakistan | 19 May 2022

Muhammad UsmanMay 19, 2022