Gold held above $1,850 an ounce on Thursday, hovering near its highest levels in almost seven months amid a general dollar weakness, as investors shrugged off hawkish signals from the US Federal Reserve.
Fed policymakers said no interest rate cuts are expected this year and that a restrictive monetary policy would be necessary but left the door open for slower interest rate increases.
Concerns over the health of the US economy also supported the metal as the ISM Manufacturing PMI showed that US factory activity contracted for a second month in December .
While the gauge of prices paid by factories for inputs fell to the lowest level in more than 2-1/2 years. Elsewhere, fresh data for France and Germany suggested inflation in Europe may have peaked.
As per the Sarafa Association of Pakistan, per tola today gold rate in Pakistan for 24K is 155,600. Similarly, per 10 grams today gold rate in Pakistan for 24K is 133,400. Yesterday, per tola gold rate in Pakistan for 24K was 154,900. Similarly, per 10 grams gold rate in Pakistan for 24K was 132,800.
See below the detailed table of gold rates in Pakistan today, 4th January 2023, for 24K, 22K, 21K, and 18K per tola and per 10 grams.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 155,600 | Rs 142,617 |
| Per 10 Gram Gold | Rs 133,400 | Rs 122,282 |
| Per Gram Gold | Rs 13,340 | Rs 12,228 |
