Gold jumped 1% to around $1,840 an ounce on Tuesday, hitting its highest levels in 6 months as growth concerns dominated sentiment at the start of the year, with swiftly diminishing hopes that the US Federal Reserve could engineer a soft landing.
IMF head Kristalina Georgiva warned that 2023 is going to be a tough year as the main engines of growth, namely the US, Europe and China, are all experiencing weakening activity.
Investors now look ahead to a raft of data this week that could guide the outlook for growth and monetary policy, including manufacturing PMI data from major economies, a key monthly US jobs report and the latest Fed minutes.
Meanwhile, gold ended 2022 nearly flat around $1,810 an ounce after experiencing wild swings throughout the period. The metal reached a near-record high of $2,070 in March at the onset of Russia’s invasion of Ukraine, before dropping to an over 2-year low of almost $1,600 in September on aggressive monetary tightening worldwide.
1 Tola gold price in Pakistan today for 24 karats is 154,900. It remains same as yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 154,700. Likewise, 10-gram gold price in Pakistan today for 24 karats is 132,800. It remains same as yesterday’s 10-gram gold price in Pakistan for 24 karat that was 132,600.
Here is the detailed table of gold rates in Pakistan today for 3rd January 2023.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 154,900 | Rs 141,976 |
| Per 10 Gram Gold | Rs 132,800 | Rs 121,732 |
| Per Gram Gold | Rs 13,280 | Rs 12,173 |
While Gold Prices As Per Sarafah Bazaar Association Of Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 186,400 | Rs 170,870 |
| Per 10 Gram Gold | Rs 159,810 | Rs 146,550 |
| Per Gram Gold | Rs 15,980 | Rs 14,655 |
