Latest news with #Rs361
Business Recorder
a day ago
- Business
- Business Recorder
Gold price per tola gains Rs1,500 in Pakistan
Gold prices in Pakistan further increased on Saturday in line with their surge in the international market. In the local market, gold price per tola reached Rs363,000 after it gained Rs1,500 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs311,213 after it gained Rs1,206. On Friday, gold price per tola reached Rs361,500 after it gained Rs4,600 during the day. The international rate of gold also surged on Saturday. The rate was at $3,432 per ounce (with a premium of $20), an increase of $15, as per APGJSA. Meanwhile, silver price per tola increased by Rs7 to settle at Rs3,787.
Business Recorder
2 days ago
- Business
- Business Recorder
Gold prices track global market's surge
KARACHI: Gold prices rallied on Friday, reflecting the international bullion market's significant rise, crossing $3,400 per ounce, traders said. With a $46 increase, world bullion rates grew to $3,417 per ounce, driving the local gold prices up by Rs4600 per tola and Rs4023 per 10 grams. The fresh surge pushed the total value of gold to Rs361,500 per tola and Rs310,007 per 10 grams, the All Pakistan Sarafa Gems and Jewellers Association said. Domestic silver prices went up by Rs35 to Rs3,780 per tola and Rs30 to Rs3,240 per 10 grams with international market standing at over $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
2 days ago
- Business
- Business Recorder
Gold price per tola gains Rs4,600 in Pakistan
Gold prices in Pakistan increased on Friday in line with their surge in the international market. In the local market, gold price per tola reached Rs361,500 after it gained Rs4,600 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs310,007 after it gained Rs4,023. On Thursday, gold price per tola Rs356,900 after it gained Rs4,000 during the day. The international rate of gold also surged on Friday. The rate was at $3,417 per ounce (with a premium of $20), an increase of $46, as per APGJSA. Meanwhile, silver price per tola increased by Rs35 to settle at Rs3,780.
Time of India
05-05-2025
- Business
- Time of India
Labour shortage due to heatwaves, price hikes impacting cement demand in India: Report
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Labour shortage due to heatwaves in some regions coupled with the latest hike in cement prices have affected demand for the key construction material, according to Prabhudas Lilladher has put out a report after having interacted with cement dealers across regions in India to access the demand and price scenario in April on the discussions with the dealers, the financial advisory firm found that demand remained steady across most of the regions during the month."However, prices declined in certain markets due to extreme heatwaves affecting labor availability, which in turn weighed on demand," their report ongoing marriage and harvesting seasons further added pressure on demand across several regions, it key markets, Chennai and Hyderabad witnessed steep price hikes of Rs 30-40 per bag, which dealers reported led to a decline in contrast, Delhi and Patna saw increases of Rs10 per bag. Meanwhile, Western and Central regions recorded flat month-on-month pricing or marginal declines of up to Rs5 per a result, all-India average cement price rose by Rs10 per bag month-on-month, reaching Rs361 per bag by April-end."Going forward, dealers are anticipating further price hikes of Rs 10- 15 per bag across regions as demand remains steady," the report Lilladher expects demand for cement to remain stable in the near term with a strong urban property market and improving rural housing segment activities."Government-led construction activities are expected to pick up pace before the monsoon sets in. We believe recent price hikes were taken to offset the impact of rising pet coke costs and we may not see further price hikes in May unless demand grows in double digits. Pet coke prices have also seen some softening in recent weeks.""We remain positive on the sector amid global economic uncertainties and continue to prefer industry leaders due to their superior execution and improving reach across regions," it added.
