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Gold Price In International And Domestic Market

Gold Price in international market below $1,640 an ounce on Thursday, holding losses from the previous session after the Federal Reserve’s messaging turned out to be more hawkish than markets anticipated.

After the Fed delivered its fourth straight 75 basis point rate hike, Fed Chair Jerome Powell said that the central bank has “ways to go with interest rates before we get to the level that’s sufficiently restrictive” and that it is “premature to discuss pausing.”

However, Powell added that a slower pace of rate increases could soon be appropriate. The Bank of England is also expected to raise interest rates by 75 basis points on Thursday, then temper its hawkish tone due to rising risk of a recession.

Gold prices hovered close to low levels not seen since April 2020, as a general rise in interest rates increases the opportunity cost of holding non-yielding bullion.

Gold price as per international market keep on changing daily in Pakistan, and the 24K per tola gold rate in Pakistan today is 136,300. Likewise, 24K per 10 grams gold rate in Pakistan today is 116,900.

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 136,300 Rs 124,978
Per 10 Gram Gold Rs 116,900 Rs 107,158
Per Gram Gold Rs 11,690 Rs 10,716

Gold Price As Per Sarafah Bazar Association Of Gold In Pakistan

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 151,200 Rs 138,600
Per 10 Gram Gold Rs 129,630 Rs 118,867
Per Gram Gold Rs 12,963 Rs 11,886