Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form

Gold jumps to new record in Pakistan – SUCH TV

Posted on October 16, 2024 By Admin No Comments on Gold jumps to new record in Pakistan – SUCH TV



Gold prices in Pakistan surged to a new record high of Rs277,200 per tola, marking an increase of Rs2,200. This rise follows a decline in the previous session when prices had dipped to Rs275,000.

The price for 10 grams of gold also saw a significant rise, reaching Rs237,654, up by Rs1,886.

These changes align with the increase in international gold rates, which were quoted at $2,675 per ounce, up by $22 from the previous day.

In contrast, silver prices remained stable at Rs3,050 per tola. Last month, gold prices had previously peaked at Rs277,000 per tola.

Market analysts attribute the rise in gold prices to easing US Treasury yields and anticipation of upcoming US economic data that may influence Federal Reserve interest rate decisions.

 

Traders are currently pricing in a strong likelihood of a 25 basis-point rate cut in November.



Source link

Business Tags:Gold prices, international gold rates, silver price

Post navigation

Previous Post: Assisted Dying Legislation is ‘Dangerous’ says Archbishop Welby
Next Post: Liam Payne, former One Direction singer, dies at 31 after falling from hotel in Argentina

More Related Articles

Petrol price expected to decrease once again in Pakistan – SUCH TV Business
India Needs A Stablecoin-First Crypto Policy, Say Industry Experts Business
Big Drop Expected in Petrol Prices | The Express Tribune Business
Bandhan Bank Q3 Profit Jumps Over Two-fold to Rs 733 Crore – News18 Business
Centre Empowers ED by Bringing Goods & Services Tax Network Under PMLA – News18 Business
Sindh vows to provide up to 100 units of free electricity | The Express Tribune Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Ryanair to increase oversized bag bonus
  • Man receives world’s first pig lung transplant in groundbreaking medical procedure
  • India cricket ends $43.6m sponsorship after online gambling ban: report
  • Morgan Wallen joins artists pushing back on Grammys
  • Zara Noor Abbas, Zahid Ahmed bring grace and grit to Dil Dhoondta Hai Phir Wohi | The Express Tribune

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2025 Breaking News.

Powered by PressBook Blog WordPress theme