Gold jumps Rs3,200 on weaker dollar
The Express Tribune • • 1 min read
Gold in Pakistan rose on Monday, with the per-tola rate gaining Rs3,200 to Rs432,336, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association. The 10-gram price climbed Rs2,744 to Rs370,658, after holding at Rs429,136 per tola on Saturday.
The Express Tribune reported that international spot gold was up 1.2% at $4,116.15 an ounce, supported by a softer US dollar and easing inflation concerns. Investors are awaiting US consumer price data due Tuesday, while China’s central bank bought about 25.8 tonnes of gold in October. In Pakistan, silver also advanced Rs55 to Rs5,723 per tola.
At a glance
- Pakistan’s per-tola gold rate increased Rs3,200 to Rs432,336.
- The local silver price gained Rs55 to Rs5,723 per tola.
Originally reported by The Express Tribune
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