Gold steadied around $1,780 an ounce on Friday, but was still on course to end the week lower as the US Federal Reserve offered a more hawkish outlook on its policy than markets anticipated.
On Tuesday, the Fed delivered a smaller half percentage point rate hike, though it projected a terminal rate of 5.1% next year, higher than previously indicated.
The European Central Bank followed suit on Thursday, raising its policy rate by 50 basis points and signaling more increases in an effort to bring inflation down to sustainable levels. Monetary authorities in the UK.
Switzerland, Norway and Philippines tightened policy further this week as well. While gold is considered as a hedge against inflation and economic uncertainty, higher interest rates raise the opportunity cost of holding non-yielding bullion, denting its appeal
While internationally 1 Tola gold price in Pakistan today for 24 karats is 149,700. It has fallen as compared to yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 152,500. Likewise, 10-gram gold price in Pakistan today for 24 karats is 128,300. It has fallen as compared to yesterday’s 10-gram gold price in Pakistan for 24 karat that was 130,700.
Here is the detailed table of gold rates in Pakistan today for 16th December 2022.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 149,700 | Rs 137,165 |
| Per 10 Gram Gold | Rs 128,300 | Rs 117,607 |
| Per Gram Gold | Rs 12,830 | Rs 11,761 |
While Gold Prices As Per Sarafah Bazaar Association Of Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 171,500 | Rs 157,200 |
| Per 10 Gram Gold | Rs 147,040 | Rs 134,820 |
| Per Gram Gold | Rs 14,700 | Rs 13,480 |
