• +923 343206 986
  • Contact@btrams.com
  • Pakistan

Gold Prices Surprising Racks up On 6 DEC 2022

Gold held its recent decline to around $1,770 an ounce on Tuesday, facing renewed pressure from a buoyant dollar after better-than-expected US services activity data suggested the Federal Reserve could raise interest rates for longer to cool demand.

The November ISM Services data, along with the solid November jobs report released last week, pointed to a resilient economy and bolstered the case for further monetary tightening in the US.

Still, the market is expecting the Fed to deliver a more moderate 50 basis point rate hike at its December meeting following four straight 75 basis point increases, though questions on how long the central bank will need to tighten remain.

Higher interest rates dampen gold’s appeal to investors as they raise the opportunity cost of holding non-yielding bullion.

While In Pakistan As  International Market 1 Tola gold price in Pakistan today for 24 karats is 149,000. It has fallen as compared to yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 150,800. Likewise, 10-gram gold price in Pakistan today for 24 karats is 127,800. It has fallen as compared to yesterday’s 10-gram gold price in Pakistan for 24 karat that was 129,300.

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 149,000 Rs 136,631
Per 10 Gram Gold Rs 127,800 Rs 117,149
Per Gram Gold Rs 12,780 Rs 11,715

While also In Pakistan Gold Prices As Per Sarafah Bazaar Association

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 163,700 Rs 150,058
Per 10 Gram Gold Rs 140,350 Rs 129,360
Per Gram Gold Rs 14,035 Rs 12,936

Leave a Reply

Your email address will not be published. Required fields are marked *

en English
X