Today Internationally And Domestically Gold Rates In Pakistan

Internationally Gold Rates steadied above $1,660 an ounce on Friday and were on track to gain for the second straight week, benefiting from sharp declines in the dollar and Treasury yields on growing expectations that the US Federal Reserve would slow the pace of rate hikes later in the year.

The Fed is widely expected to deliver its fourth straight 75 basis point rate increase in November, though markets started to speculate that it would turn less aggressive in December amid concerns about overtightening.

A slew of soft US economic data earlier this week supported such expectations, though better-than-expected US GDP numbers in the third quarter balanced out those views.

Meanwhile, investors remained cautious about upside risks to inflation that could drive another rally in the dollar and Treasury yields. IMF Managing Director Kristalina Gerogieva also called on central banks to keep raising interest rates further to fight inflation until they hit a “neutral” level.

Domestically 1 Tola price in Pakistan as per internationally gold rates today for 24 karats is 137,500. It remains same as yesterday’s 1 Tola gold price in Pakistan for 24 karat that was 137,200. Likewise, 10-gram gold price in Pakistan today for 24 karats is 117,800. It remains same as yesterday’s 10-gram gold price in Pakistan for 24 karat that was 117,600.

Today, 1 Tola gold price in Pakistan today for 22 karats is 125,941. It remains same as yesterday’s 1 Tola gold price in Pakistan for 22 karat that was 125,726. Likewise, 10-gram gold price in Pakistan today for 22 karats is 107,983. It remains same as yesterday’s 10-gram gold price in Pakistan for 22 karat that was 107,799.

At UrduPoint, you can know the gold rate’s variation in different cities of Pakistan for 28th October 2022. See below the gold rate in Pakistan today 28th October 2022 in different cities.