Gold edged above $1,840 an ounce on Wednesday, hovering near its highest levels in six months amid a general dollar weakness, as investors awaited the latest Federal Reserve minutes which could provide clues on its policy tightening path.
Economic concerns in the US also supported the metal, with former New York Fed President William Dudley saying that a US recession is on the cards but will not likely be severe, while former Fed Chair Alan Greenspan said a recession is the “most likely outcome” for the world’s largest economy.
Moreover, IMF head Kristalina Georgieva 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 private sector activity data from major economies, a key monthly US jobs report, and the latest Fed minutes
As per the Sarafa Association of Pakistan, per tola today gold rate in Pakistan for 24K is 155,600. Similarly, per 10 grams today gold rate in Pakistan for 24K is 133,400. Yesterday, per tola gold rate in Pakistan for 24K was 154,900. Similarly, per 10 grams gold rate in Pakistan for 24K was 132,800.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 155,600 | Rs 142,617 |
| Per 10 Gram Gold | Rs 133,400 | Rs 122,282 |
| Per Gram Gold | Rs 13,340 | Rs 12,228 |
While Domestically Gold Prices As Per Sarafah Bazaar Association Of Pakistan Today
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 188,300 | Rs 172,610 |
| Per 10 Gram Gold | Rs 161,440 | Rs 148,000 |
| Per Gram Gold | Rs 16,145 | Rs 14,800 |
