Gold Prices Internationally And Domestically In Pakistan on DEC 2, 2022

Gold Prices held its recent advance to around $1,800 per ounce on Friday and is set to end the week sharply higher, benefiting mainly from a weak dollar on expectations that the US Federal Reserve would slow the pace of interest rate hikes. Investors also braced for a key US jobs report which could influence the rates outlook,

While digesting data which showed that US PCE inflation slowed to a ten-month low in October. On Wednesday, Fed Chair Jerome Powell said that “slowing down at this point is a good way to balance risks,” and that the Fed could moderate the size of rate hikes as soon as December.

It confirmed market expectations that the Fed would deliver a smaller 50 basis point rate hike this month, after raising rates by 75 basis point in the last four meetings. Market pricing also indicated that the Fed funds rate will peak below 5% in May 2023 following Powell’s comments, lower than previous expectations for a peak above 5% in June.

While in Pakistan internationally 1 Tola gold price in Pakistan today for 24 karats is 151,500. It has risen as compared to yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 147,500. Likewise, 10-gram gold price in Pakistan today for 24 karats is 129,900. It has risen as compared to yesterday’s 10-gram gold price in Pakistan for 24 karat that was 126,400.

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

Today, while on 2nd December 2022. Gold Prices As Per Sarafah Bazaar Association Of Pakistan