New Prices of Gold Prices in Pakistan 2023
New Prices of Gold Prices. Gold prices in Pakistan fell from a one-week high on Tuesday after losing almost 1% on the rupee’s recovery against the US dollar in the interbank market.
Data released by the All-Pakistan Sarafa Gems and Jewelers Association (APSGJA) showed that the price of gold (24 karats) plunged by Rs 1,400 per tola and Rs 1,200 per 10 grams to settle at Rs 229900 and Rs 19750. respectively.
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Detail of New Prices of Gold Prices:-
Gold prices fell by more than 1,000 rupees pressured by a jump in the rupee and hopes of a revival of the International Monetary Fund (IMF) program that could influence the economic scenario.
Bargain hunters took advantage of recent losses, but the outlook for the precious metal was still clouded by prospects for a further recovery of the rupee against the dollar, as optimism regarding the revival of the IMF program may boost confidence in the rupee. forex market
Cumulatively, the yellow metal gained Rs 3,800 per tonne in the last three sessions; however, the prized product broke its winning streak today.
Meanwhile, silver prices in the domestic market were unchanged at Rs2,150 per tola and Rs20,6000 per Tola respectively.
Some Other Points of This Post:-
- Gold prices experienced a significant decline, driven by factors such as a strengthening rupee and hopes of an IMF program revival.
- Despite recent losses, bargain hunters took advantage of the situation.
- The outlook for gold remained uncertain due to the potential for further recovery of the rupee against the dollar, which could impact the forex market.
- Over the past three sessions, gold had shown a cumulative gain of Rs 3,800 per tonne, but this winning streak ended.
- In contrast, silver prices in the domestic market remained unchanged at Rs2,150 per tola and Rs20,6000 per Tola, respectively.
| Gold Rate | 24K Gold Rate Today | 22K Gold Rate Today |
|---|---|---|
| per Tola Gold | Rs.229,900 | Rs. 208,448 |
| per 10 Grams | Rs. 197,100 | |
| per Gram Gold |
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