Latest news with #AllPakistanGemsandJewelersAssociation
Express Tribune
28-02-2025
- Business
- Express Tribune
Gold price in Pakistan today; February 28, 2025
Listen to article The price of gold has witnessed a significant reduction for the forth consecutive day in local markets on Friday. Locally, the price of 24-carat gold per tola dropped by Rs2,500, bringing the price to Rs300,500 In addition, the price of 10 grams of gold in Pakistan saw a reduction of Rs2,143, bringing the new value to Rs257,639. In the international bullion market, the price per ounce fell by $24, reaching $2,863. This decline in gold prices is expected to impact both investors and consumers alike. Earlier yesterday, gold price has seen a significant drop for the third consecutive day in the domestic market. The price of gold in the global bullion market has dropped by $29, now standing at $2,887 per ounce. Meanwhile, in the local markets per tola gold price has decreased by Rs3,300. According to the All Pakistan Gems and Jewelers Association, after this decrease, the price of gold per tola has reached Rs303,000 in the country. Similarly, the price of 10 grams of gold has decreased by Rs 2,829, now standing at Rs 259,773. Spot gold fell 1.2% to $2,880.79 an ounce by 0910 GMT, its lowest since February 17. Prices hit a record peak of $2,956.15 on Monday, driven by safe-haven flows. US. gold futures lost 0.7% to $2,909.30. The dollar index rose 0.2% to move further from the recent 11-week lows, making greenback-priced bullion more expensive for other currency holders. Spot silver retreated 0.7% to $31.62 an ounce, platinum added 0.2% to $967.30 and palladium firmed 0.1% to $927.50.
Express Tribune
27-02-2025
- Business
- Express Tribune
Gold price in Pakistan today; February 27, 2025
Listen to article Gold price has seen a significant drop for the third consecutive day in the domestic market. The price of gold in the global bullion market has dropped by $29, now standing at $2,887 per ounce. Meanwhile, in the local markets per tola gold price has decreased by Rs 3,300. According to the All Pakistan Gems and Jewelers Association, after this decrease, the price of gold per tola has reached 303,000 rupees in the country. Similarly, the price of 10 grams of gold has decreased by Rs 2,829, now standing at Rs 259,773. Spot gold fell 1.2% to $2,880.79 an ounce by 0910 GMT, its lowest since February 17. Prices hit a record peak of $2,956.15 on Monday, driven by safe-haven flows. US. gold futures lost 0.7% to $2,909.30. The dollar index rose 0.2% to move further from the recent 11-week lows, making greenback-priced bullion more expensive for other currency holders. Spot silver retreated 0.7% to $31.62 an ounce, platinum added 0.2% to $967.30 and palladium firmed 0.1% to $927.50.
Express Tribune
07-02-2025
- Business
- Express Tribune
Gold price in Pakistan crosses Rs300,000 per tola for first time
Listen to article Gold prices in Pakistan have reached an all-time high, crossing the Rs300,000 per tola mark for the first time in history. According to the All Pakistan Gems and Jewelers Association, the price of gold has risen by Rs1,346 per tola, making the new price Rs300,346 per tola. Additionally, the price of 10 grams of gold has increased by Rs1,154, now standing at Rs257,241. Internationally, gold prices have also seen a rise, increasing by 10 dollars per ounce, with the price now at 2,869 dollars per ounce. Earlier on Thursday , gold prices witnessed a decline in both international and local markets. In the international bullion market, the price of gold per ounce dropped by $9, reaching $2859. Locally, the price of gold also experienced a decrease. The price of one tola of gold fell by Rs900, bringing it to Rs298,700. Similarly, the price of 10 grams of gold decreased by Rs772, now standing at Rs256,087.
