Gold held above $1,810 an ounce on Thursday, hovering near its highest levels in six months, benefiting mainly from recent dollar weakness following a surprise hawkish move from the Bank of Japan.
The metal was also boosted by fears that further monetary tightening from the Federal Reserve could tip the world’s largest economy into recession in 2023. Some analysts are speculating that a sharp economic downturn in the US next year could force the Fed to shift policy earlier-than-expected, which is a bullish case for gold.
Still, Fed Chair Jerome Powell said last week that the central bank will deliver more rate hikes next year despite the economic risks. Investors now await more economic data for further direction, with US GDP for the third quarter and weekly US jobless claim numbers due later in the global day.
Gold prices keep on changing daily in Pakistan, and the 24K per tola gold rate in Pakistan today is 154,000. Likewise, 24K per 10 grams gold rate in Pakistan today is 132,000.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 154,000 | Rs 141,121 |
| Per 10 Gram Gold | Rs 132,000 | Rs 120,999 |
| Per Gram Gold | Rs 13,200 | Rs 12,100 |
Gold Prices As Per Sarafah Bazaar Association Of Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 182,700 | Rs 166,835 |
| Per 10 Gram Gold | Rs 156,640 | Rs 143,100 |
| Per Gram Gold | Rs 15,665 | Rs 14,310 |
