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Gold Price Internationally and Domestically In Pakistan on Dec 7 , 2022

 

Gold held its recent decline to around $1,770 an ounce on Wednesday, facing renewed pressure from a buoyant dollar after better-than-expected US services activity data suggested the Federal Reserve could raise interest rates for longer to cool demand.

The November ISM Services data, along with the solid November jobs report released last week, pointed to a resilient economy and bolstered the case for further monetary tightening in the US.

Still, the market is expecting the Fed to deliver a more moderate 50 basis point rate hike at its December meeting following four straight 75 basis point increases, though questions on how long the central bank will need to tighten remain.

Higher interest rates dampen gold’s appeal to investors as they raise the opportunity cost of holding non-yielding bullion.

As per Internationally Market in Pakistan, per tola today gold rate in Pakistan for 24K is 149,100. Similarly, per 10 grams today gold rate in Pakistan for 24K is 127,800. Yesterday, per tola gold rate in Pakistan for 24K was 149,000. Similarly, per 10 grams gold rate in Pakistan for 24K was 127,800.

See below the detailed table of gold rates in Pakistan today, 7th December 2022, for 24K, 22K, 21K, and 18K per tola and per 10 grams.

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 149,100 Rs 136,631
Per 10 Gram Gold Rs 127,800 Rs 117,149
Per Gram Gold Rs 12,780 Rs 11,715

While Domestically in Pakistan the gold Prices as per sarafah Bazaar Association

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 164,000 Rs 150,331
Per 10 Gram Gold Rs 140,610 Rs 129,600
Per Gram Gold Rs 14,061 Rs 12,960

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