Gold prices internationally rebounded 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 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 domestically Gold prices internationally, per tola today gold rate in Pakistan for 24K is 146,900. Similarly, per 10 grams today gold rate in Pakistan for 24K is 126,000. Yesterday, per tola gold rate in Pakistan for 24K was 146,900. Similarly, per 10 grams gold rate in Pakistan for 24K was 125,900.
See below the detailed table of gold rates in Pakistan today, 16th November 2022, for 24K, 22K, 21K, and 18K per tola and per 10 grams.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 146,900 | Rs 134,706 |
| Per 10 Gram Gold | Rs 126,000 | Rs 115,499 |
| Per Gram Gold | Rs 12,600 | Rs 11,550 |
While Gold Prices Domestically Current Market As per the Sarafa Association of Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 157,100 | Rs 144,006 |
| Per 10 Gram Gold | Rs 134,690 | Rs 123,506 |
| Per Gram Gold | Rs 13,469 | Rs 12,350 |
