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Gold Prices Climb Internationally , See the Price Of Gold In Pakistan

 

Gold rose above $1,790 an ounce on Friday, benefiting mainly from the dollar’s weakness as investors cautiously awaited key US inflation data and the Federal Reserve’s policy decision next week.

The US producer price data due for release later today and the consumer price data scheduled for next week could shed light on the state of inflation and influence longer-term expectations for monetary policy.

The Fed is expected to deliver a more moderate 50 basis point rate hike next week after raising rates by a hefty 75 basis points in the past four meetings, and traders will be watching for signs on whether the central bank is getting ready to pause or continue tightening.

Gold is highly sensitive to the rates outlook as higher interest rates raise the opportunity cost of holding non-yielding bullion and dent its appeal, and vice versa

While as per Internationally Market gold price in Pakistan today for 24 karats is 150,700. It has risen as compared to yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 149,900. Likewise, 10-gram gold price in Pakistan today for 24 karats is 129,200. It has risen as compared to yesterday’s 10-gram gold price in Pakistan for 24 karat that was 128,500.

Here is the detailed table of gold rates in Pakistan today for 9th December 2022.

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 150,700 Rs 138,127
Per 10 Gram Gold Rs 129,200 Rs 118,432
Per Gram Gold Rs 12,920 Rs 11,843

While Gold Prices Domestically As Per Sarafah Bazaar Association Of Pakistan

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 166,300 Rs 152,440
Per 10 Gram Gold Rs 142,580 Rs 130,750
Per Gram Gold Rs 14,250 Rs 13,075

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