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Today Gold Rate In Pakistan On 19 SEP 2022 And Analysis

Gold Rate In Pakistan keep on changing daily in Pakistan, and the 24K per tola gold rate in Pakistan today is 148,500. Likewise, 24K per 10 grams gold rate in Pakistan today is 127,300.

Gold Rate 24k Gold 22k Gold
Per Tola Gold Rs 148,500 Rs 136,097
Per 10 Gram Gold Rs 127,300 Rs 116,691
Per Gram Gold Rs 12,730 Rs 11,669

Today Gold prices Internationally weakened below $1,670 an ounce on Monday, extending last week’s sharp decline as investors geared up for a raft of interest rate decisions by major central banks this week, with the US Federal Reserve set to deliver another jumbo rate hike to tame surging inflation.

Higher-than-expected inflation numbers and solid economic data in the US last week cemented expectations that the Fed will tighten further, and markets are currently priced for a third straight 75 basis point increase.

solid economic data in the US last week cemented expectations that the Fed will tighten further, and markets are currently priced for a third straight 75 basis point increase, while some analysts are betting on a bigger full percentage point hike.

Other major central banks such as the Swiss National Bank and the Bank of England are also expected to raise interest rates this week, with analysts divided on whether the BOE would hike rates by 50 or 75 basis points.

Gold lost its shine as a store of value in times of economic uncertainties as the US’ relative economic strength and the Fed’s aggressive stance against inflation lifted the dollar at the expense of other safe-haven assets.
53 minutes ago

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