Gold rose above $1,790 an ounce on Friday, benefiting mainly from the dollar’s weakness as investors cautiously awaited key US inflation data and the Federal Reserve’s policy decision next week.
The US producer price data due for release later today and the consumer price data scheduled for next week could shed light on the state of inflation and influence longer-term expectations for monetary policy.
The Fed is expected to deliver a more moderate 50 basis point rate hike next week after raising rates by a hefty 75 basis points in the past four meetings, and traders will be watching for signs on whether the central bank is getting ready to pause or continue tightening.
Gold is highly sensitive to the rates outlook as higher interest rates raise the opportunity cost of holding non-yielding bullion and dent its appeal, and vice versa
While as per Internationally Market gold price in Pakistan today for 24 karats is 150,700. It has risen as compared to yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 149,900. Likewise, 10-gram gold price in Pakistan today for 24 karats is 129,200. It has risen as compared to yesterday’s 10-gram gold price in Pakistan for 24 karat that was 128,500.
Here is the detailed table of gold rates in Pakistan today for 9th December 2022.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 150,700 | Rs 138,127 |
| Per 10 Gram Gold | Rs 129,200 | Rs 118,432 |
| Per Gram Gold | Rs 12,920 | Rs 11,843 |
While Gold Prices Domestically As Per Sarafah Bazaar Association Of Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 166,300 | Rs 152,440 |
| Per 10 Gram Gold | Rs 142,580 | Rs 130,750 |
| Per Gram Gold | Rs 14,250 | Rs 13,075 |
