Tag: gold

Karachi, August 11, 2023 – Gold prices experienced a notable decline in Pakistan today, echoing the downward trend observed in international markets.

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Karachi, August 10, 2023 – Gold rates in Pakistan experienced a noteworthy uptick on Thursday, with a rise of Rs 600 attributed to a combination of factors including the depreciation of the rupee value and a slight easing in international gold prices.

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Karachi, August 9, 2023 – Gold prices in Pakistan have registered an upward movement, defying the recovery of the Pakistani Rupee against the US Dollar.

The per tola price of 24 karat gold has surged by Rs1,100, reaching a total valuation of Rs222,200, up from the previous rate of Rs221,100.

Similarly, the rate of 24 karat gold per 10 grams has shown an increment of Rs 943, culminating at a closing price of Rs 190,501 within the local markets.

READ MORE: Gold Prices in Pakistan Decline to Rs 221,100 per Tola

On the global front, the value of gold has witnessed a slight dip of $1, concluding at $1,926 per ounce. In Wednesday’s trading, the Pakistani Rupee (PKR) managed to regain 45 paisas against the US Dollar, settling at PKR 287.46 within the interbank foreign exchange market.

Financial analysts and experts are diligently monitoring the situation to ascertain the catalysts behind this recent surge in gold prices.

A convergence of factors, including geopolitical tensions and economic uncertainties, might have played a role in this development.

READ MORE: Gold Falls by Rs 1100 in Pakistan on August 7

These occurrences highlight the intricate interplay between global economic elements, currency valuations, and commodity price fluctuations.

Given the inherent volatility of markets, investors and traders are strongly advised to maintain a vigilant watch over market trends and currency oscillations to facilitate well-informed decision-making.

READ MORE: Gold Prices rise by Rs 1300 in Domestic Markets Amidst Global Trends

Karachi, August 8, 2023 – Gold prices in Pakistan witnessed a decrease on Tuesday, with a drop of Rs 600 leading to a value of Rs 221,100 per tola.

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Karachi, August 7, 2023 – Gold prices experienced a significant decline of Rs 1,100 in Pakistan on Monday, driven by a downturn in the international markets.

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Karachi, August 5, 2023 – Gold prices in the domestic markets of Pakistan experienced a significant rise on Saturday, with the precious metal witnessing an increase of Rs 1,300.

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Karachi, August 4, 2023 – In a surprising turn of events, gold prices in Pakistan witnessed a significant gain on Friday, defying the downward trend in international markets and experiencing appreciation in the value of the Pakistani Rupee (PKR).

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Karachi, August 2, 2023 – Gold rates in Pakistan experienced a significant uptick, with the price of 24 karat gold per tola rising by Rs 800, closing at Rs 223,000 in the local market.

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Karachi, August 1, 2023 – Despite a decline in international markets and depreciation in the value of the Pakistani Rupee (PKR) against the US Dollar, gold rates in Pakistan remained unchanged on Tuesday.

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