Latest news with #Rs297
Business Recorder
3 days ago
- Business
- Business Recorder
Gold prices decline further
KARACHI: Gold prices continued to fall on Saturday as world market further lost momentum, sliding under $3,300 per ounce, traders said. Local gold prices went down by Rs1,400 per tola and Rs1,200 per 10 grams following a decline in world bullion rates by $14 to sell at $3,288 per ounce. The plunge dragged down gold prices to Rs347,200 per tola and Rs297,668 per 10 grams, All Pakistan Sarafa Gems and Jewelers Association said. Domestic silver prices also reduced by Rs24 to Rs3,456 per tola and Rs2,962 per 10 grams. The international market traded silver for $33 per ounce, the association said. Copyright Business Recorder, 2025
Business Recorder
23-05-2025
- Business
- Business Recorder
Gold prices plunge
KARACHI: Gold prices on Thursday took a big plunge, reflecting the global bullion market's bearish trend, sinking under $3,300 per ounce, traders said. World's fluctuating bullion market lost $19 to rest at $3,291 per ounce, scaling down the local gold prices by Rs1,900 per tola and Rs1,629 per 10 grams. The sizeable drop pushed back the gold prices to Rs347,500 per tola and Rs297,925 per 10 grams, according to All Pakistan Sarafa Gems and Jewellers Association. Domestic silver prices fell by Rs38 and Rs33, dropping to Rs3,428 per tola and Rs2,938 per 10 grams, respectively. The global silver prices stood at $33 per ounce, the association added. Copyright Business Recorder, 2025
Express Tribune
22-05-2025
- Business
- Express Tribune
Gold prices drop in Pakistan as global rates fall
Listen to article Gold prices in Pakistan fell on Thursday, mirroring a decline in international markets. The local price per tola dropped by Rs1,900 to Rs347,500. Similarly, 10-gram gold declined by Rs1,629, selling at Rs297,925, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Internationally, gold fell by $19 to $3,291 per ounce (with a $20 premium), the APGJSA reported. On Wednesday, gold prices had risen by Rs6,600 to reach Rs349,400 per tola. Meanwhile, silver prices also slipped, with the per tola rate down by Rs38 to Rs3,428.
Business Recorder
28-04-2025
- Business
- Business Recorder
Gold: price disparity confuses investors
KARACHI Gold buyers in Pakistan face conflicting pricing trends, with the open market hitting a historic high of Rs369,300 per tola, while the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) announced a sharp decline to Rs347,100 per tola, traders said on Monday. The disparity has left investors confused, as the open market reflects real-time global trading dynamics, whereas APSGJA—a non-trading platform —sets benchmark rates. According to the association, gold fell by Rs1,600 and Rs1,368 to Rs347,100 per tola and Rs297,582 per 10 grams, respectively. In contrast, open market rates surged amid active trading. Globally, gold dipped by $16 to $3,289 per ounce, while silver held at $33 per ounce. Domestically, APSGJA quoted silver at Rs3,497 per tola and Rs2,998 per 10 grams. Analysts note the open market's rates align more closely with international fluctuations, unlike the association's fixed valuations, creating a dual pricing challenge for traders and consumers. Copyright Business Recorder, 2025
Express Tribune
28-04-2025
- Business
- Express Tribune
Gold on downward trend amid trade optimism
Gold prices fell both in the local and international markets. In Pakistan, the price of gold per tola dropped by Rs1,600 on Monday, bringing it down to Rs347,100. Similarly, the price for 10 grams of gold declined by Rs1,368, settling at Rs297,582, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Friday, the gold rate had also decreased, falling by Rs3,300 to close at Rs348,700 per tola. International prices for Pakistan also weakened on Monday. According to the APGJSA, the international price stood at $3,289 per ounce, reflecting a $16 drop during the day. Gold prices dipped for a second consecutive session on Monday as US-China trade tensions eased, with markets awaiting key economic data later this week. Spot gold was down 0.6% at $3,297.10 an ounce. US gold futures rose 0.3% to $3,307.80, according to Reuters. "Optimism still persists over a US-China trade deal even though there is a lack of clarity," Zain Vawda, analyst at MarketPulse by OANDA, said. Rupee slips Meanwhile, the Pakistani rupee recorded a slight decline against the US dollar, slipped by 0.04% during inter-bank trading on Monday. By the end of the session, the rupee settled at 281.07, down by 10 paisas compared to the previous day's closing rate.
