Gold prices hit all-time high in Pakistan
18 July, 2024 16:01
Gold rate in Pakistan on April 5 drop by Rs. 5,500 per tola in Pakistan
The gold prices in Pakistan have reached an all-time high as market open after two days Ashura (9th and 10th Muharram) holiday.
The All-Pakistan Gems and Jewellers Sarafa Association said that gold has become expensive due to the possibility of the US central bank slashing interest rates.
On Monday that the price of 24-karat gold per tola increased by Rs4,600, bringing it to a historic Rs254,000.
The price of 10-gram 24-karat gold also experienced an upward trend, rising by Rs3,944 to reach Rs217,764.
The price of 10 grammes of 22-karat gold on Thursday was Rs199,617.
The international gold market also showed an increasing trend. According to APGJSA, the global rate stood at $2,470 per ounce, marking a $60 decrease on Monday.
Silver prices in the local market, however, remained stable at Rs2,900 per tola.
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