AGL 40.35 Increased By ▲ 0.15 (0.37%)
AIRLINK 129.33 Increased By ▲ 0.22 (0.17%)
BOP 6.64 Increased By ▲ 0.04 (0.61%)
CNERGY 4.13 Increased By ▲ 0.10 (2.48%)
DCL 8.84 Increased By ▲ 0.39 (4.62%)
DFML 42.05 Increased By ▲ 0.80 (1.94%)
DGKC 87.49 Increased By ▲ 0.49 (0.56%)
FCCL 33.57 Increased By ▲ 0.22 (0.66%)
FFBL 66.25 Increased By ▲ 0.35 (0.53%)
FFL 10.64 Increased By ▲ 0.10 (0.95%)
HUBC 113.00 Increased By ▲ 2.30 (2.08%)
HUMNL 15.90 Increased By ▲ 0.67 (4.4%)
KEL 4.80 Increased By ▲ 0.02 (0.42%)
KOSM 7.72 Decreased By ▼ -0.11 (-1.4%)
MLCF 42.69 Increased By ▲ 0.79 (1.89%)
NBP 61.05 Increased By ▲ 0.55 (0.91%)
OGDC 189.68 Increased By ▲ 6.88 (3.76%)
PAEL 26.38 Increased By ▲ 1.02 (4.02%)
PIBTL 7.26 Increased By ▲ 1.00 (15.97%)
PPL 149.52 Increased By ▲ 1.71 (1.16%)
PRL 25.26 Increased By ▲ 0.70 (2.85%)
PTC 16.39 Increased By ▲ 0.15 (0.92%)
SEARL 70.65 Increased By ▲ 0.15 (0.21%)
TELE 7.30 No Change ▼ 0.00 (0%)
TOMCL 36.15 Decreased By ▼ -0.15 (-0.41%)
TPLP 8.02 Increased By ▲ 0.17 (2.17%)
TREET 16.28 Increased By ▲ 0.98 (6.41%)
TRG 51.70 No Change ▼ 0.00 (0%)
UNITY 27.26 Decreased By ▼ -0.09 (-0.33%)
WTL 1.28 Increased By ▲ 0.05 (4.07%)
BR100 9,934 Increased By 91.8 (0.93%)
BR30 30,527 Increased By 490.3 (1.63%)
KSE100 93,256 Increased By 735.7 (0.8%)
KSE30 28,991 Increased By 204.6 (0.71%)

After registering a substantial decrease in the previous session, gold prices in Pakistan increased on Friday in line with their increase in the international rate. In the local market, the price of gold per tola was up by Rs2,000, clocking in at Rs278,800.

Similarly, 10-gram gold was sold at Rs239,026 after it recorded an increase of Rs1,715, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

On Thursday, gold price per tola decreased by a massive Rs5,400 to settle at Rs276,800.

The international rate of gold increased on Friday. As per APGJSA, the rate was at $2,683 per ounce (with a premium of $20) and was up by $21 during the day.

Meanwhile, silver remained unchanged at Rs3,300 per tola.

Last month, gold hit an all-time high of Rs287,900 per tola in Pakistan.

Globally, gold inched higher on Friday, extending gains spurred by the Federal Reserve’s widely anticipated quarter-point rate cut amid a cooling labour market and solid economic growth.

Gold prices climbed more than 1% in the previous session, recovering losses after Donald Trump won the US presidential race.

The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the US central bank’s 2% target.

Comments

200 characters