Gold Prices held its recent decline to below $1,800 an ounce on Friday and was set to end the week little changed, having been whipsawed during the period by shifting views on the trajectory of US Federal Reserve rate hikes.
On Thursday, the metal dropped 1.2% after stronger-than-expected US data reinforced the Federal Reserve’s case to raise interest rates further and keep them higher for longer.
Investors now look ahead to US PCE data, the central bank’s preferred inflation gauge, that could offer more clues on future rate increases.
Still, gold remained close to its highest levels in six months on concerns that further monetary tightening from major central banks could tip the global economy into recession next year.
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 121,100 |
| Per Gram Gold | Rs 13,200 | Rs 12,110 |
While Domestically Gold Prices As Per Sarafah Bazaar Association Of Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 176,900 | Rs 162,160 |
| Per 10 Gram Gold | Rs 151,670 | Rs 139,100 |
| Per Gram Gold | Rs 15,170 | Rs 13,910 |
