Connect with us

Hi, what are you looking for?

Economy

Gold price in Pakistan rises by Rs700 per tola

Bullion prices settle at Rs116,700 per tola and Rs100,051 per 10 grams on Wednesday.
Significant fluctuations in the local currency against the US dollar aided the increase in prices of the safe-haven asset.
Gold rates in Pakistan are around Rs1,500 below cost compared to the gold rate in the Dubai market.
Avatar photo

Published

KARACHI: Gold prices edged higher on Wednesday as a softer rupee and a pullback in global equities lifted demand for the safe-haven asset.

Gold prices in the local bullion market gained Rs700 per tola and Rs6 per 10 gram today to reach Rs116,700 and Rs100,051 amid rising prices in the international markets.

The precious commodity closed at Rs116,000 per tola and Rs99,451 per 10 grams on Tuesday.

Significant fluctuations in the local currency against the US dollar aided the increase in prices of the safe-haven asset.

In this article:, ,
Avatar photo
Written By

Media person and communication expert for over 25 years. Worked with Dow Jones News, World Bank, CNBC Pakistan, Aaj TV, ARY TV, Abbtakk TV, Business Recorder, Pakistan Observer, Online News Network, TTI Magazine and other local and world Publications.

National

All Motorways to Be Closed from Tonight; All Hostels in Islamabad Shut and GT Road Closed at Chenab Toll Plaza

The Motorway Police have announced the closure of all motorways starting tonight at 8 PM, citing maintenance work as the primary reason. However, reports...

3 days ago

Exclusive

IDEAS 2024: Road Closures in Karachi Announced

Karachi: Karachi Traffic Police have issued a traffic plan to manage the expected surge in traffic during the IDEAS 2024 defense exhibition, which will...

1 week ago

Crimes

Four Arrested for Allegedly Murdering Woman in Sialkot: Police

Sialkot police arrested a woman and her accomplices on Sunday for the alleged murder of her pregnant daughter-in-law, whom they suspected of practicing witchcraft....

1 week ago

Entertainment

Victoria Kjaer of Denmark becomes Miss Universe: She is a 21-year-old entrepreneur and animal rights advocate

Victoria Kjaer Theilvig has made history as Denmark’s first-ever Miss Universe, earning the prestigious title at the pageant’s 73rd edition. The 21-year-old entrepreneur, animal...

1 week ago