Gold price in Pakistan rises Rs3,200 per tola

Domestic gold quotations advanced on Monday, November 9, with 24-karat metal reaching Rs432,336 per tola after a daily increase of Rs3,200, Mettis Global reported, citing the All-Pakistan Gems and Jewelers Sarafa Association. The 10-gram rate for 24-karat gold rose by Rs2,744 to Rs370,658, while 22-karat gold was quoted at Rs339,782 per 10 grams. Silver also moved higher, with 24-karat prices gaining Rs55 per tola to Rs5,723 and Rs47 per 10 grams to Rs4,906.

Internationally, spot gold was near $4,098 an ounce, up $42.8, or 1.05%, from the previous session. Mettis Global said lower oil prices eased inflation concerns, while investors awaited key US inflation data and further indications about the Federal Reserve’s monetary policy direction. The report also listed gold’s decline of Rs9,700 over one month and silver’s Rs832 decline over the same period, placing the daily rise alongside recent price movements.