Gold Prices Rose above $1,930 an ounce on Tuesday, hovering near its strongest levels in nine months amid a general dollar weakness, as weakening US economic data and recent comments from Federal Reserve officials signaled a less aggressive monetary tightening ahead.
Fed Governor Christopher Waller said that upcoming rate moves and an expected continued decline in inflation left policy “pretty close” to being “sufficiently restrictive,” favoring a smaller 25 basis point increase at the next meeting.
Investors now look ahead to a raft of US data that could guide the rates outlook including Q4 GDP growth rate, durable goods orders, the PCE price index and personal income and spending data.
Gold is highly sensitive to the rates outlook as higher interest rates raise the opportunity cost of holding non-yielding bullion, and vice versa.
1 Tola gold price in Pakistan today for 24 karats is 188,900. It has risen as compared to yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 187,050. Likewise, 10-gram gold price in Pakistan today for 24 karats is 161,950. It has risen as compared to yesterday’s 10-gram gold price in Pakistan for 24 karat that was 160,370.
Here is the detailed table of gold rates in Pakistan today for 24th January 2023.
|Gold Rate||24k Gold||22k Gold|
|Per Tola Gold||Rs 188,900||Rs 173,141|
|Per 10 Gram Gold||Rs 161,950||Rs 148,453|
|Per Gram Gold||Rs 16,195||Rs 14,845|