Latest news with #Rs305
Business Recorder
07-05-2025
- Business
- Business Recorder
Gold price per tola gains Rs800 in Pakistan
Gold prices in Pakistan rose on Wednesday in line with their increase in the international market. In the local market, gold price per tola reached Rs356,900 after it gained Rs800. Similarly, 10-gram gold was sold at Rs305,984 after it registered an increase of Rs684, as per the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola reached Rs356,100 after it gained Rs6,100. Moreover, the international rate of gold also increased on Wednesday. As per APGJSA, the rate was at $3,385 per ounce (with a premium of $20), an increase of $8 during the day. Likewise, silver price per tola remained unchanged at Rs3,482.
Express Tribune
07-05-2025
- Business
- Express Tribune
Gold prices rise again in local and international markets
Listen to article Gold prices rose again on Tuesday in both international and domestic markets, driven by sustained investor demand and ongoing global economic uncertainty. According to market data, the international bullion market saw an $8 per ounce increase in gold prices, bringing the rate to $3,385. This upward movement in global prices was mirrored in Pakistan's local bullion markets. The price of 24-karat gold per tola (11.66 grams) increased by Rs800, reaching Rs356,900, while the price of 10 grams of 24-karat gold rose by Rs684 to Rs305,984. In contrast, silver prices remained stable, with the rate for silver per tola unchanged at Rs3,482 and 10 grams of silver holding steady at Rs2,985. Market analysts continue to point to geopolitical tensions and inflationary pressures as key drivers behind the rising gold demand. Investors are increasingly turning to gold as a safe-haven asset amid uncertainty.
Business Recorder
07-05-2025
- Business
- Business Recorder
Gold prices post mammoth surge
KARACHI: The gold rally extended into Tuesday, driven by a sharp uptrend in the international market, with prices surpassing $3,350 per ounce, traders said. Local market posted a mammoth surge by Rs6,100 and Rs5,232, driving gold prices to Rs356,100 per tola and Rs305,300 per 10 grams, respectively, All Pakistan Sarafa Gems and Jewellers Association said. Domestic silver prices also registered gains by Rs57 and Rs49, pushing rates to Rs3,482 per tola and Rs2,985 per 10 grams, respectively, according to the association. 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
06-05-2025
- Business
- Express Tribune
Gold extends rally, jumps Rs6,100/tola
Listen to article Gold prices in Pakistan extended the sharp upward trend on Tuesday, mirroring a global rally driven by renewed buying from China and market concerns over possible US tariffs on pharmaceutical imports, while investors await direction from the US Federal Reserve's upcoming policy decision. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs6,100, reaching Rs356,100 in the local market. Similarly, the price for 10 grams rose by Rs5,232 to Rs305,300. This follows a gain of Rs7,800 per tola on Monday, when prices had climbed to Rs350,000. Adnan Agar, Director at Interactive Commodities, noted that gold is on an upward technical trend. "Gold recently peaked at $3,397 and is currently trading around $3,394 after opening at approximately $3,333. If it breaks the $3,421 level, the next target could be the $3,440s, and potentially retest its previous high of $3,500," he said. Agar added that the rally is not tied to new developments but appears to be a technical correction after a recent dip, supported by consistent global buying sentiment. "A strong US stock market had initially weighed on gold, but the recent market reversal has given gold some lift," he explained, adding that any new geopolitical or trade developments — particularly involving China — could influence the current trajectory. Globally, gold prices rose to a two-week high on Tuesday, supported by post-holiday buying from China and concerns over potential US tariffs on pharmaceutical imports, according to Reuters. Meanwhile, the Pakistani rupee edged slightly lower against the US dollar on Tuesday, slipping by 0.05% in the inter-bank market. At close, the rupee stood at 281.37 against the greenback, marking a decline of 15 paisas from Monday's closing rate of 281.22.
Express Tribune
06-05-2025
- Business
- Express Tribune
Gold price in Pakistan today – May 6, 2025
Listen to article Gold prices posted another sharp increase in both domestic and international markets on Tuesday, extending their rally for a second consecutive day amid strong investor demand. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold rose by Rs6,100 per tola, bringing the local rate to Rs356,100. The price of 10 grams of gold climbed by Rs5,232 to Rs305,300. In the global market, gold jumped $61 to reach $3,377 per ounce. Spot gold was last recorded at $3,372.01 an ounce, up 1.2%, hitting its highest level since April 22 earlier in the session. Silver also recorded upward movement. In Pakistan, one tola of silver increased by Rs57 to Rs3,482, while 10 grams rose by Rs22 to Rs2,985. Internationally, spot silver rose 1.3% to $32.92 per ounce. Other precious metals saw modest gains as well. Platinum rose 1.7% to $975.75 per ounce, and palladium was up 0.8% to $948. Analysts attribute the rise in gold and silver prices to safe-haven buying amid geopolitical uncertainties and inflationary concerns.
