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Gold Rate In Pakistan & Internationally Concerns

Gold rate in Pakistan today for 24 karats is 140,900. It remains same as yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 140,900. Likewise, 10-gram gold price in Pakistan today for 24 karats is 120,800. It remains same as yesterday’s 10-gram gold price in Pakistan for 24 karat that was 120,800.

Here is the detailed table of gold rates in Pakistan today for 2nd September 2022.

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 140,900 Rs 129,148
Per 10 Gram Gold Rs 120,800 Rs 110,733
Per Gram Gold Rs 12,080 Rs 11,073

Today, 1 Tola gold price in Pakistan today for 22 karats is 129,148. It remains same as yesterday’s 1 Tola gold price in Pakistan for 22 karat that was 129,148. Likewise, 10-gram gold price in Pakistan today for 22 karats is 110,733. It remains same as yesterday’s 10-gram gold price in Pakistan for 22 karat that was 110,733.

At UrduPoint, you can know the gold rate’s variation in different cities of Pakistan for 2nd September 2022. See below the gold rate in Pakistan today 2nd September 2022 in different cities.

 

Location 24k per tola 24k 10g 22k per tola 22k 10g
Pakistan Rs 140,900 Rs 120,800 Rs 129,148 Rs 110,733
Karachi Rs 140,900 Rs 120,800 Rs 129,148 Rs 110,733
Lahore Rs 140,900 Rs 120,800 Rs 129,148 Rs 110,733
Islamabad Rs 140,900 Rs 120,800 Rs 129,148 Rs 110,733
Rawalpindi Rs 140,900 Rs 120,800 Rs 129,148 Rs 110,733
Peshawar Rs 140,900 Rs 120,800 Rs 129,148 Rs 110,733
Quetta Rs 140,900 Rs 120,800 Rs 129,148 Rs 110,733
Sialkot Rs 140,900 Rs 120,800 Rs 129,148 Rs 110,733

 

Internationally Gold Pressured by Rate Hike Concerns

Gold prices held just below $1,700 an ounce on Friday and were on track for a third straight weekly fall.

Pressured by strong US economic data that reinforces the Federal Reserve’s aggressive stance against inflation, having committed itself to keeping interest rates higher for longer.

Manufacturing activity in the US grew steadily in August despite weakness in other major economies. Latest US employment data also remained solid.

While investors await the highly-anticipated August jobs report on Friday that could offer fresh clues on the Fed’s rate hike path.

Elsewhere, euro zone inflation rate hit a new record high of 9.1% in August on high energy prices, bolstering speculations for a supersized 75 basis point rate hike from the European Central Bank next week despite recession worries.

While gold is widely considered as a hedge against inflation and economic uncertainty, higher interest rates raise the opportunity cost of holding non-yielding bullion, denting its appeal.

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