Gold Prices steadied around $1,760 an ounce on Friday but were set to end the week lower, weighed down by hawkish US Federal Reserve messaging which suggested more rate hikes than markets anticipated, pushing back against expectations of a Fed pivot.
Most notably, St. Louis Fed President James Bullard said that the policy rate is not sufficiently restrictive and suggested that it could reach the 5% to 7% range as authorities try to stamp out inflation, higher than what the market is currently pricing.
San Francisco Fed President Mary Daly also emphasized that a pause is “off the table,” while Kansas City Fed President Esther George said that policymakers must be “careful not to stop too soon” on hiking rates.
While gold is widely considered as a hedge against inflation and economic uncertainty, higher interest rates raise the opportunity cost of holding non-yielding bullion.
1 Tola gold price in Pakistan today for 24 karats is 147,600. It remains same as yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 147,600. Likewise, 10-gram gold price in Pakistan today for 24 karats is 126,600. It remains same as yesterday’s 10-gram gold price in Pakistan for 24 karat that was 126,600.
Here is the detailed table of gold Prices as per international market in Pakistan today for 18th November 2022.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 147,600 | Rs 135,348 |
| Per 10 Gram Gold | Rs 126,600 | Rs 116,049 |
| Per Gram Gold | Rs 12,660 | Rs 11,605 |
While Gold Prices Domestically As per Pakistan Sarafah Bazaar Association In Pakistan
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 158,800 | Rs 145,570 |
| Per 10 Gram Gold | Rs 136,150 | Rs 125,490 |
| Per Gram Gold | Rs 13,615 | Rs 12,550 |
