Gold edged above $1,800 an ounce on Monday, hitting its highest levels in five months as the dollar continued to decline, making greenback-priced bullion more attractive for buyers holding other currencies.
The metal came under pressure on Friday on hotter-than-expected US jobs data, but has since reversed those losses as expectations that the US Federal Reserve will slow the pace of interest rate hikes starting this month remained intact, with Fed Chair Jerome Powell expressing support for such a move.
China’s continuing shift away from strict Covid restrictions also boosted risk sentiment and weighed on the dollar. Investors now look ahead to a slew of US economic reports such as services activity, consumer sentiment and inflation data, as well as the Fed’s monetary decision next week.
While Internationally Gold prices keep on changing daily in Pakistan, and the 24K per tola gold rate in Pakistan today is 150,800. Likewise, 24K per 10 grams gold rate in Pakistan today is 129,300.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 150,800 | Rs 138,235 |
| Per 10 Gram Gold | Rs 129,300 | Rs 118,524 |
| Per Gram Gold | Rs 12,930 | Rs 11,852 |
While Domestically Gold Prices As Per Sarafah Bazaar Association Of Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 163,100 | Rs 149,510 |
| Per 10 Gram Gold | Rs 139,830 | Rs 128,900 |
| Per Gram Gold | Rs 13,980 | Rs 12,890 |
