The interest in gold among investors in Pakistan saw a sharp decline following speculations of potential deductions
BTC TO PKR: Today’s Bitcoin price in Pakistan on 08 June, 2024Gold prices in Pakistan dropped significantly amid speculation about a potential rate cut.Advertisement
On Saturday, the price of gold in Pakistan took a substantial hit, plummeting by Rs 3,600 per tola and Rs 3,086 per 10 grams. This brought the rates down to Rs239,400 per tola and Rs205,247 per 10 grams, respectively, according to data released by the All Pakistan Sarafa Gems and Jewellers Association.
It was noted by the association that the current gold prices in Pakistan are Rs4,000 per tola lower than international rates, showcasing a relatively cheaper market for gold within the country. Internationally, gold prices also experienced a downturn, dropping by $70 per ounce to settle at $2,292. However, it’s worth noting that just a few days prior, bulk prices in the international market had reached a record high of $2,431.29 on April 12.In parallel, silver prices in Pakistan also observed a decrease, settling at Rs 2,750 per tola and Rs 2,357.68 per 10 grams after a decline of Rs 50 per tola and Rs 42.86 per gram, respectively.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Pakistan stocks on record high amid IMF deal, rate cut prospectsClarity about the planned privatisation programme is also contributing to the trend
Baca lebih lajut »
Gold Rate In Pakistan Today: Bullion Price Dip on Rupee’s RecoveryOn Saturday, the price of gold in Pakistan slipped below Rs244,000 per tola as the Pakistani rupee showed signs of recovery against the
Baca lebih lajut »
Gold Rate in Pakistan Today: Bullion Breaks its Losing Streak, Rising By Rs800 Per TolaAfter a week of significant losses, the gold price in Pakistan made a rebound, starting the week with minor gains in sync with global trends
Baca lebih lajut »
Signs are Pakistan fuel prices may see a sizeable cut with effect from midnightPetrol and diesel are expected to get cheaper by over Rs12 and Rs8 respectively
Baca lebih lajut »
Oil down for third week on a row amid deflated US rate cut expectationsECB rate cut had spurred hopes for similar Fed action
Baca lebih lajut »
Government Ends Net Metering: Solar Panel Users Now Have to Pay Fixed Charges!In recent days, speculations have been rampant regarding the future of solar net metering in Pakistan, fueled by a surge in net
Baca lebih lajut »