logo
Gold price per tola fall Rs6,100 in Pakistan

Gold price per tola fall Rs6,100 in Pakistan

Gold prices in Pakistan decreased on Tuesday in line with their fall in the international market. In the local market, gold price per tola reached Rs352,300 after a decline of Rs6,100 during the day.
Similarly, 10-gram gold was sold at Rs302,040 after it fell Rs5,230, according to the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On June 5, gold price per tola reached Rs358,400 after a surge of Rs4,300 during the day.
The bullion market was closed on from June 6 till June 9 due to Eid-ul-Adha holidays.
The international rate of gold also decreased on Tuesday. The rate was at $3,339 per ounce (with a premium of $20), a decrease of $61, as per APGJSA.
Meanwhile, silver price per tola remained stable at Rs3,745.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

KSE-100 settles at new record high as PSX reacts positively to budget
KSE-100 settles at new record high as PSX reacts positively to budget

Business Recorder

time11 hours ago

  • Business Recorder

KSE-100 settles at new record high as PSX reacts positively to budget

Investors at the Pakistan Stock Exchange (PSX) rejoiced over the lack of major taxation measures proposed during the budget for fiscal year 2025-26, as the benchmark KSE-100 Index settled at a new record high of 124,352.68 on Wednesday. Bullish momentum persisted throughout the trading session, pushing the KSE-100 to an intra-day high of 124,588.17. At close, the benchmark index settled at 124,352.68, amid an increase of 2,328.24 points or 1.91%. Across-the-board buying momentum was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks including HUBCO, PSO, WAFI, MARI, OGDC, PPL, POL, HBL, MCB, MEBL and UBL settled in the green. The upswing at PSX comes as the government did not announce any 'major changes on taxation', said Samiullah Tariq, Head of Research at Pak Kuwait Investment Company Limited, told Business Recorder. 'Capital gain dividends are retained at 15%,' he added. In a statement, Prime Minister Shehbaz Sharif expressed satisfaction over the stock market performance. 'The bullish trend in the stock market is an expression of confidence by investors and businessmen in the people-friendly budget,' he said. Finance Minister Muhammad Aurangzeb presented the federal budget 2025-26 to the parliament on Tuesday, with a total outlay of Rs 17.573 trillion, targeting a GDP growth rate of 4.2 per cent against 2.7 per cent in the outgoing year. Aurangzeb termed the budget the start of a strategy to create a competitive economy and economic productivity to increase exports and fundamentally change the economy's DNA. The government has set an inflation target of 7.5% for the next fiscal year. Regarding the fiscal deficit, the government projected a target of 3.9% of the GDP — or Rs5,037 billion — from the outgoing fiscal year's target of 5.9%. The primary surplus is targeted at 2.4% of the GDP against the budgeted 2% in the current fiscal year, which has been revised to 2.2%. Internationally, share markets and the dollar on Wednesday offered a guarded welcome to the latest signs of progress in US-China trade talks, while awaiting more detail of what was decided and whether it would stick for long. Bond investors were also hunkered down for a reading in US inflation that could show the early impact of tariffs on prices, and a Treasury auction that will test demand for the debt. Over in London, negotiators from Washington and Beijing said they had 'agreed a framework on trade' that would be taken back to their leaders. US Commerce Secretary Howard Lutnick added the implementation plan should result in restrictions on rare earths and magnets being resolved, but again offered no specifics. The law was another hurdle as a federal appeals court allowed President Donald Trump's most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them. Investors, who have been badly burned by trade turmoil before, offered a cautious response and MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2%. Japan's Nikkei added 0.4% and Australian stocks firmed 0.4%.

Gold price per tola gain Rs600 in Pakistan
Gold price per tola gain Rs600 in Pakistan

Business Recorder

time12 hours ago

  • Business Recorder

Gold price per tola gain Rs600 in Pakistan

Gold prices in Pakistan increased on Wednesday in line with their surge in the international market. In the local market, gold price per tola reached Rs352,900 after it gained Rs600 during the day. Similarly, 10-gram gold was sold at Rs302,554 after it gained Rs514, according to the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola reached Rs352,300 after a decline of Rs6,100 during the day. The international rate of gold also surged on Wednesday. The rate was at $3,345 per ounce (with a premium of $20), an increase of $6, as per APGJSA. Meanwhile, silver price per tola remained stable at Rs3,745.

Gold prices tumble
Gold prices tumble

Business Recorder

time19 hours ago

  • Business Recorder

Gold prices tumble

KARACHI: Gold prices tumbled on Tuesday, as global market downtrend has dragged down bullion value under $3,350 per ounce, traders said. Following a big drop, the total value of local gold scaled down to Rs352,300 per tola and Rs302,040 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic and global silver markets held steady at Rs3,745 per tola, Rs3,210 per 10 grams and $36 per ounce, the association added. Copyright Business Recorder, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store