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Friday, November 15, 2024

Home Business All Time High: Gold continues to shine, reaches Rs272,500 in Pakistan

All Time High: Gold continues to shine, reaches Rs272,500 in Pakistan

by Web Desk (Lahore)
September 21, 2024
in Business

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KARACHI – Gold continues to move up, reaching a whopping Rs272,500 per tola after single day rise of Rs500.

As per new rates shared by the Saraffa association, the price for 10 grams of gold jumped to Rs233,625, after a hike of Rs429. This surge follows a significant increase on Friday, when gold prices rose by Rs3,500, settling at Rs272,000 per tola.

Gold Rates in Pakistan

Weight	Price	Difference
Gold (per tola)	272,500	+500
Gold (per 10 grams)	233,625	+429
Previous Price (per tola)	272,000

Bullion experienced volatility in domestic futures market as United States Federal Reserve slashed interest rates by a half-percentage-point.

Spot gold prices in Pakistan saw big increase in recent months, and international prices have risen multiple times as the previous metal remains safe haven for investors.