Gold Prices Racks Up All Time High In Pakistan

Gold prices were at $1,815 an ounce in the end of December, rising nearly 9% in the fourth quarter to close a volatile year flat. Gold led a sharp rally for precious metals at the end of the first quarter, reaching a near-record high of $2,000 per ounce as Russia’s invasion of Ukraine triggered commodity prices to soar and led investors to pile on bullion investments for safety.

Consequently, soaring inflation among major economies, including 42-year high inflation in the US and record-high price growth in the Eurozone, preceded an aggressive tightening of monetary policy by central banks worldwide.

Higher borrowing costs, soaring bond yields, and a rally for the US dollar reduced the appeal to hold non-interest-bearing bullion investments, pressuring gold to a 30-month low of $1,615 at the end of Q3.

Still, recession concerns prevalent towards the end of the year gave some respite for bullion investments, supporting gold to rebound above the $1,800 threshold

While 1 Tola gold price in Pakistan today for 24 karats is 153,000. It remains same as yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 153,000. Likewise, 10-gram gold price in Pakistan today for 24 karats is 131,200. It remains same as yesterday’s 10-gram gold price in Pakistan for 24 karat that was 131,200.

Here is the detailed table of gold rates in Pakistan today for 30th December 2022.

While Domestically Gold Prices As Per Sarafah Bazaar Association Of Pakistan