Today Gold Prices slipped to around $1,750 an ounce on Monday as the dollar recovered slightly on haven demand, as widespread protests against strict Covid restrictions in China roiled financial markets.
Investors are also bracing for a slew of US economic reports to gauge the state of the world’s largest economy, as well as speeches by several Federal Reserve officials..
Last week, the metal got a boost after the latest Fed meeting minutes showed that a substantial majority of US policymakers agreed it would soon be appropriate to slow the pace of interest rate hikes.
Earlier this month, the Fed delivered its fourth straight 75 basis point rate increase and pushed borrowing costs to the highest since 2008 to tame stubbornly high inflation, and markets are now betting that it would moderate the size of its rate hike in December to 50 basis points.
Gold is highly sensitive to the rates outlook as higher interest rates raise the opportunity cost of holding non-yielding bullion, denting its appeal
While today internationally gold prices keep on changing daily in Pakistan, and the 24K per tola gold rate in Pakistan today is 147,100. Likewise, 24K per 10 grams gold rate in Pakistan today is 126,200.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 147,100 | Rs 134,920 |
| Per 10 Gram Gold | Rs 126,200 | Rs 115,682 |
| Per Gram Gold | Rs 12,620 | Rs 11,568 |
Also domestically gold Prices as per Pakistan sarafah Bazar Association in Pakistan.
| Gold Rate | 24k Gold | 22k Gold |
|---|---|---|
| Per Tola Gold | Rs 160,000 | Rs 146,665 |
| Per 10 Gram Gold | Rs 137,180 | Rs 126,450 |
| Per Gram Gold | Rs 13,710 | Rs 12,645 |
