Gold internationally eased toward $1,780 an ounce on Thursday, giving back some gains from the previous session as the dollar advanced on renewed global recession fears, while investors awaited more cues about the trajectory of US Federal Reserve rate hikes.
Markets are expecting the Fed to deliver a more moderate 50 basis point rate hike next week after raising its key rate by 75 basis points in the past four meetings.
However, the likely peak for rates remains highly uncertain as the release of surprisingly strong US employment, services and factory data spurred bets that the Fed will tighten further and keep them higher for longer.
Higher interest rates dampen gold’s appeal to investors as they raise the opportunity cost of holding non-yielding bullion
Gold prices keep on changing daily in Pakistan, and the 24K per tola gold rate in Pakistan today is 149,900. Likewise, 24K per 10 grams gold rate in Pakistan today is 128,500.
128,500.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 149,900 | Rs 137,380 |
| Per 10 Gram Gold | Rs 128,500 | Rs 117,791 |
| Per Gram Gold | Rs 12,850 | Rs 11,779 |
While Domestically Gold Prices As per sarafah Bazaar Association in Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 165,000 | Rs 151,250 |
| Per 10 Gram Gold | Rs 141,460 | Rs 129,970 |
| Per Gram Gold | Rs 14,146 | Rs 12,970 |
