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Gold prices recover ahead of Fed decision

The Express Tribune • • 1 min read

Gold prices recover ahead of Fed decision

Gold in Pakistan rebounded on Monday, with the tola rate rising Rs1,400 to Rs423,436, The Express Tribune reported. Ten grams gained Rs1,201 to Rs363,028, reversing part of Saturday’s Rs2,500-per-tola decline. Silver also edged higher, adding Rs20 to reach Rs5,878 per tola.

Overseas, spot gold advanced 0.6% to $4,018.81 an ounce by 1543 GMT, after Friday’s low of $3,975, its weakest level since July 20. The report linked the recovery to softer oil prices, which eased inflation concerns, while investors awaited Wednesday’s Federal Reserve decision and Thursday’s US PCE release. Traders put the chance of a December Fed rate hike at 82%; one commodities analyst said the policy announcement could shape gold’s direction.

At a glance

  • Pakistan’s gold rate rose Rs1,400 to Rs423,436 per tola.
  • Spot gold gained 0.6% to $4,018.81 an ounce.
  • Investors awaited the Federal Reserve decision and US PCE data.

Gold rate in Pakistan today

Live Karachi Sarafa rate Updated 7:45 PM
Rs 414,800per tola, 24K 200 down

22K Rs 380,23310 grams Rs 355,630Spot $3,876.62

Live board rate. News reports often quote the APGJSA announced rate instead, which can differ.

Live rates and chart

Gold rate on earlier days

Live gold rate in Pakistan today, with chart and history

Originally reported by The Express Tribune

This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.

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