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Markets

Gold price per tola remains stable in Pakistan

Published Updated
Photo: Reuters
Photo: Reuters

Gold prices in Pakistan remained stable on Friday, with the per tola rate standing at Rs426,562.

Similarly, 10-gram gold was sold at the same rate of Rs365,708, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Thursday, gold price per tola reached Rs426,562 after a decline of Rs5,000 during the day.

The international rate of gold remained unchanged at $4,042 per ounce (with a premium of $20).

However, silver price decreased by Rs107 to reach Rs5,222 per tola.

Meanwhile, international gold prices inched down on Friday as a stronger-than-expected US jobs report reinforced expectations that the Federal Reserve will refrain from cutting interest rates at its December meeting.

Spot gold was down 0.1% at $4,072.87 per ounce, as of 0242 GMT. US gold futures for December delivery edged 0.3% higher to $4,071.90 per ounce.

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