Internationally Gold Prices stabilized near $1,640 an ounce on Tuesday after sliding for three straight sessions, as traders avoided making big bets ahead of a highly-anticipated US Federal Reserve meeting.
The metal was recently pressured by a rebound in the dollar and Treasury yields as underlying inflation pressures in the US remain elevated, keeping the Fed on course to hike rates by another 75 basis points this week.
Meanwhile, Internationally Gold markets will be looking for guidance on the Fed’s future tightening plans, as a dovish surprise could help lift bullion prices.
While gold is widely considered as a hedge against inflation and economic uncertainties, higher interest rates raise the opportunity cost of holding non-yielding bullion, denting its appeal.
Elsewhere, retail gold prices in top consumer India extended a downward movement, defying a seasonal trend as the festive months of October to December normally indicated more bullion buying in the country.
1 Tola gold price in Pakistan today for 24 karats is 135,300. It has fallen as compared to yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 136,600. Likewise, 10-gram gold price in Pakistan today for 24 karats is 116,000. It has fallen as compared to yesterday’s 10-gram gold price in Pakistan for 24 karat that was 117,200.
Here is the detailed table of gold rates in Pakistan as Per Internationally Gold Price today for 1st November 2022.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 135,300 | Rs 124,016 |
| Per 10 Gram Gold | Rs 116,000 | Rs 106,333 |
| Per Gram Gold | Rs 11,600 | Rs 10,633 |
Today, 1 Tola gold price in Pakistan today for 22 karats is 124,016. It has fallen as compared to yesterday’s 1 Tola gold price in Pakistan for 22 karat that was 125,299. Likewise, 10-gram gold price in Pakistan today for 22 karats is 106,333. It has fallen as compared to yesterday’s 10-gram gold price in Pakistan for 22 karat that was 107,433.
While Domestically In Pakistan As per Sarafah Bazar The Gold Prices Is :
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 149,400 | Rs 136,950 |
| Per 10 Gram Gold | Rs 128,090 | Rs 117,453 |
| Per Gram Gold | Rs 12,809 | Rs 11,745 |
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