Gold Prices internationally traded near $1,640 an ounce in subdued trade on Monday, holding a recent decline as investors stayed on the sidelines ahead of a highly-anticipated US Federal Reserve meeting.
Metal was also pressured by a slight rebound in the dollar and Treasury yields as underlying inflationary pressures in the US remain elevated, keeping the Fed on course to hike rates by another 75 basis points this week.
Meanwhile, markets will be looking for signals from Fed Chair Jerome Powell’s speech after the meeting about a potential slowdown in US monetary tightening later this year.
Elsewhere, retail gold prices in top consumer India extended a downward movement, defying a seasonal trend as the festive months of October to December normally indicated more bullion buying in the country.
Gold prices as per internationally market keep on changing daily in Pakistan, and the 24K per tola gold rate in Pakistan today is 136,600. Likewise, 24K per 10 grams gold rate in Pakistan today is 117,200.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 136,600 | Rs 125,299 |
| Per 10 Gram Gold | Rs 117,200 | Rs 107,433 |
| Per Gram Gold | Rs 11,720 | Rs 10,743 |
Domesticall Gold Prices In Pakistan As Per Sarafah Gold Assosiation.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 150,800 | Rs 138,233 |
| Per 10 Gram Gold | Rs 129,290 | Rs 118,553 |
| Per Gram Gold | Rs 12,929 | Rs 11,855 |
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