Gold fell below $1,800 an ounce on Thursday, sliding for the second straight session after the US Federal Reserve raised interest rates by a more moderate 50 basis points at its December meeting, but signaled that the fed funds rate could peak higher than anticipated in 2023.
The central bank projected rates would end at 5.1% next year before being lowered to 4.1% in 2024, higher than previously indicated. Fed Chair Jerome Powell said that the size of future increases would depend on incoming data, but warned that the Fed “still have some ways to go” in its tightening campaign.
Investors now await monetary policy decisions from the European Central Bank, Bank of England and Swiss National Bank.
While In Pakistan As Per Internationally Market Gold prices keep on changing daily in Pakistan, and the 24K per tola gold rate in Pakistan today is 152,300. Likewise, 24K per 10 grams gold rate in Pakistan today is 130,500.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 152,300 | Rs 139,517 |
| Per 10 Gram Gold | Rs 130,500 | Rs 119,624 |
| Per Gram Gold | Rs 13,050 | Rs 11,962 |
Meanwhile, Gold Prices As Per Sarafah Bazaar Association Of Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 172,450 | Rs 158,080 |
| Per 10 Gram Gold | Rs 147,850 | Rs 135,600 |
| Per Gram Gold | Rs 14,780 | Rs 13,560 |
