Gold prices steadied around $1,770 an ounce on Tuesday as traders reassessed the outlook for US rates following mixed signals from the Federal Reserve.
While Fed officials acknowledged that the central bank may slow the pace of rate increases in the upcoming meetings, they also said that the Fed still has a lot of work to do in fighting inflation.
Investors are betting that the Fed would moderate the size of their rate hikes to 50 basis points from December after delivering four straight 75 basis point increases.
Meanwhile, gold prices remained near its highest levels in almost three months, benefiting mainly from recent weakness in the dollar and a slump in cryptocurrencies.
Bullion has always been considered as a safe-haven asset in times of economic uncertainties, though rising interest rates dent its appeal as the metal pays no interest.
While, 1 Tola gold prices in Pakistan today as per internationally market of sarafah Bazaar for 24 karats is 146,900. It remains same as yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 146,900. Likewise, 10-gram gold price in Pakistan today for 24 karats is 125,900. It remains same as yesterday’s 10-gram gold price in Pakistan for 24 karat that was 126,000.
Here is the detailed table of gold rates in Pakistan today for 15th November 2022.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 146,900 | Rs 134,599 |
| Per 10 Gram Gold | Rs 125,900 | Rs 115,407 |
| Per Gram Gold | Rs 12,590 | Rs 11,541 |
Gold Prices As per Domestically Sarafah Bazar Association In Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 156,150 | Rs 143,137 |
| Per 10 Gram Gold | Rs 133,880 | Rs 122,759 |
| Per Gram Gold | Rs 13,388 | Rs 12,275 |
