Gold prices weakened toward $1,920 an ounce on Friday, retreating further from nine-month highs as better-than-expected fourth quarter US GDP numbers indicated that the American economy was more resilient than markets anticipated.
The US economy expanded annually by 2.9% in the fourth quarter, beating forecasts for a 2.6% growth.
However, there were some signs of challenges to the economy such as softer-than-expected consumer spending, worsening investment and slowing inflation, supporting bets for a less aggressive central bank policy tightening.
The Federal Reserve is expected to deliver a smaller 25 basis point rate hike at the next policy meeting. Investors now look ahead to US PCE data, the Fed’s preferred inflation measure, with a lower-than-expected reading likely to support gold prices.
While 1 Tola gold price in Pakistan today for 24 karats is 197,000. It has risen as compared to yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 190,900. Likewise, 10-gram gold price in Pakistan today for 24 karats is 168,900. It has risen as compared to yesterday’s 10-gram gold price in Pakistan for 24 karat that was 163,670.
Here is the detailed table of gold rates in Pakistan today for 27th January 2023.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 197,000 | Rs 180,571 |
| Per 10 Gram Gold | Rs 168,900 | Rs 154,824 |
| Per Gram Gold | Rs 16,890 | Rs 15,482 |
