Gold Rate in Pakistan hit record Rs 65,550 per tola

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Karachi: Gold rate in Pakistan hit the all time high price and broke all previous records.

Gold rate in Pakistan reached at Rs 56,199 per 10 grams and Rs 65,550 per tola. According to All Sindh Sarafa Association (ASSA), 10 gram and one tola rates are increased by Rs 86 and Rs 100 respectively. However, no change is observed in the global gold price of $ 1,247 per ounce.

Since the start of this year, gold rate in Pakistan per 10 grams and tola are increased by Rs 8,028 and Rs 9,379 respectively. During January 2017, the gold price in Pakistan was Rs 48,171 per 10 grams and Rs 56,171 per tola. However, the global gold prices pegged at per ounce rate of $ 1,301.


As per the recent research, gold rates held consistent close to a five-month high on Monday. In addition, it is bolstered by the baffling US employments report that predicted that the Federal Reserve may quit increasing interest rates sooner than anticipated.

US non-farm payrolls raised by 155,000 employments a month ago, beneath business analysts’ expectation of 200,000 employments and the wage increment was also gentler than anticipated.

From January 2018, old prices are decreased by $54 per ounce in the global market. However, local prices are constantly increasing due to Rupee devaluation and high USD to PKR ratio.

Gold Rate in Pakistan on 12 December 2018:

CITY

GOLD

24k 10 Grams 24K Per Tola 22K 10 Grams
Karachi 56,199.00 65,550.00 51,497.00
Hyderabad 56,199.00 65,550.00 51,497.00
Lahore 56,199.00 65,550.00 51,497.00
Multan 56,199.00 65,550.00 51,497.00
Islamabad 56,199.00 65,550.00 51,497.00
Faisalabad 56,199.00 65,550.00 51,497.00
Rawalpindi 56,199.00 65,550.00 51,497.00
Quetta 56,199.00 65,550.00 51,497.00

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