Latest news with #687
Business Recorder
5 days ago
- Business
- Business Recorder
Gold soars significantly by Rs4,300/tola in Pakistan
KARACHI: Gold prices soared significantly on Thursday, as world market touched $3,400 per ounce, traders said. Up by huge $43, international bullion prices soared to $3,400 per ounce, driving up the local gold prices by Rs4,300 per tola and Rs3,687 per 10 grams. This surge took the total value of gold prices to Rs358,400 per tola and Rs307,270 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic silver prices skyrocketed by Rs159 and Rs136, reaching Rs3,745 per tola and Rs3,210 per 10 grams with the international market growing to $36 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
Business Recorder
5 days ago
- Business
- Business Recorder
Gold soars significantly by Rs4,300/tola
KARACHI: Gold prices soared significantly on Thursday, as world market touched $3,400 per ounce, traders said. Up by huge $43, international bullion prices soared to $3,400 per ounce, driving up the local gold prices by Rs4,300 per tola and Rs3,687 per 10 grams. This surge took the total value of gold prices to Rs358,400 per tola and Rs307,270 per 10 grams, according to All Pakistan Sarafa Gems and Jewelers Association. Domestic silver prices skyrocketed by Rs159 and Rs136, reaching Rs3,745 per tola and Rs3,210 per 10 grams with the international market growing to $36 per ounce, the association added. It is worth noting that the open market may trade gold and silver at different prices as compared to those fixed by the association. Copyright Business Recorder, 2025
Express Tribune
05-05-2025
- Business
- Express Tribune
Gold rates surge by Rs7,800/tola
Gold prices in Pakistan witnessed a sharp increase on Monday, mirroring a global rally in the precious metal as a weaker US dollar and growing safe-haven demand pushed international prices higher ahead of a key policy decision by the US Federal Reserve later this week. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs7,800, reaching Rs350,000 in the local market. Similarly, the rate for 10 grams climbed by Rs6,687 to Rs300,068. In the international market, gold surged by $76 during the day, closing at $3,316 per ounce reflecting a gain of more than 2%. Adnan Agar, Director at Interactive Commodities, noted that the gold market experienced a strong revival on Monday, hitting an intraday high of $3,328 and a low of $3,247. "The market has turned upwards again, but the key resistance zone lies between $3,360 and $3,380. A close above $3,300 would be a positive sign, while a dip below this level could signal a return to a downward trend," he explained. Globally, gold prices gained more than 2% on Monday, driven by a weaker dollar and safe-haven demand, while the market awaits a policy decision from the US Federal Reserve later in the week, according to Reuters. Spot gold was up 2.2% at $3,312.09 an ounce. US gold futures were up 2.4% at $3,321.30. The dollar index fell 0.2%, making bullion less expensive to other currency holders. US President Donald Trump announced on Sunday a 100% tariff on movies produced overseas, reigniting concerns about the potential fallout of a global trade war. Meanwhile, the Pakistani rupee recorded a slight dip against the US dollar on Monday, slipping by 0.06% in the inter-bank market.
Business Recorder
05-05-2025
- Business
- Business Recorder
Gold price per tola gains massive Rs7,800 in Pakistan
Gold prices in Pakistan rose on Monday in line with their increase in the international market. In the local market, gold price per tola reached Rs350,000 after it gained Rs7,800. Similarly, 10-gram gold was sold at Rs300,068 after it registered an increase of Rs6,687, as per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Saturday, gold price per tola reached Rs342,200 after it shed Rs2,300. Moreover, the international rate of gold also also increased on Monday. As per APGJSA, the rate was at $3,316 per ounce (with a premium of $20), an increase of $76 during the day. Meanwhile, silver price per tola reached Rs3,425 after it gained Rs43.
