Gold Prices firmed up above $1,790 an ounce on Monday after rising nearly 1% in the previous session, benefitting mainly from recent dollar weakness as investors continued to mull over the Federal Reserve’s rate hike path and the chances that it could tip the world’s largest economy into recession.
Meanwhile, the metal came under pressure last week after the Federal Reserve delivered a more moderate 50 basis point rate hike, though it projected a terminal rate of 5.1% next year, higher than previously indicated.
The European Central Bank followed suit, raising its policy rate by 50 basis points and signaling more increases in an effort to bring inflation down to sustainable levels. Monetary authorities in the UK.
Switzerland, Norway and the Philippines also tightened policy further last week
Gold prices As Per Internationally Market keep on changing daily in Pakistan, and the 24K per tola gold rate in Pakistan today is 150,500. Likewise, 24K per 10 grams gold rate in Pakistan today is 129,100.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 150,500 | Rs 138,021 |
| Per 10 Gram Gold | Rs 129,100 | Rs 118,341 |
| Per Gram Gold | Rs 12,910 | Rs 11,834 |
While Gold Prices As Per Sarafah Bazaar Association Of Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 172,650 | Rs 158,260 |
| Per 10 Gram Gold | Rs 148,020 | Rs 135,751 |
| Per Gram Gold | Rs 14,800 | Rs 13,575 |
