{"id":343148,"date":"2023-07-15T01:26:44","date_gmt":"2023-07-14T20:26:44","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=343148"},"modified":"2023-07-15T01:26:44","modified_gmt":"2023-07-14T20:26:44","slug":"gold-rises-by-rs10500-a-tola-in-two-days","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/gold-rises-by-rs10500-a-tola-in-two-days\/","title":{"rendered":"Gold rises by Rs10,500 a tola in two days"},"content":{"rendered":"<p> ISLAMABAD<br \/>\nGold prices in the local market jumped on Friday due to rupee\u2019s depreciation and surge in prices in global markets, with the price of one tola of 24-karat gold rising to Rs214,500.<br \/>\nAccording to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of one tola of 24-karat gold increased by Rs6,500 to Rs214,500 from Rs208,000. Similarly, the gold rate for 10 grams of 24-karat increased to Rs183,900 from Rs178,325 , showing an increase of Rs5,575. Overall, the price of one tola of 24-karat gold increased by Rs10,500 in two days in the country.<br \/>\nHowever, as of 1340 hours GMT, gold futures in the international market were available at $1,956.70 per ounce, showing a decrease of $3.30 (-0.17 percent).<br \/>\nOut of the $3.30 per ounce decrease, -$2.35 was due to strengthening of the US dollar and -$0.95 was due to predominant sellers, according to Kitco Gold Index.<br \/>\nFollowing Thursday\u2019s choppy action, gold prices held steady at around $1,960 on Friday. The benchmark 10-year US Treasury bond yield moved sideways below 3.8 percent, failing to provide a directional clue to gold price ahead of US consumer confidence data.<br \/>\nGold price has been demonstrating a non-directional performance from Thursday after a stalwart rally to near $1,960 per ounce. The precious metal has failed to capitalize on the US soft inflation and Producer Price Index (PPI) June report, which cleared that households\u2019 demand has turned subdued and the path towards the 2 percent inflation target is intact.<br \/>\nIn spite of a heavy decline in the US Dollar Index, gold price is struggling to come out of the woods. The US Dollar Index has surrendered the psychological cushion of 100 and has dropped to near 99.65. Rising hopes of only one interest rate hike announcement from the Federal Reserve by the year-end have sent the USD Index extremely lower.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD Gold prices in the local market jumped on Friday due to rupee\u2019s depreciation and surge in prices in global markets, with the price of one tola of 24-karat gold rising to Rs214,500. According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of one tola of 24-karat gold increased by Rs6,500 to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-343148","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gold rises by Rs10,500 a tola in two days<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/gold-rises-by-rs10500-a-tola-in-two-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold rises by Rs10,500 a tola in two days\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD Gold prices in the local market jumped on Friday due to rupee\u2019s depreciation and surge in prices in global markets, with the price of one tola of 24-karat gold rising to Rs214,500. According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of one tola of 24-karat gold increased by Rs6,500 to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadpakistan.com.pk\/news\/gold-rises-by-rs10500-a-tola-in-two-days\/\" \/>\n<meta property=\"og:site_name\" content=\"Daily Lead Pakistan\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DailyLeadPak\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-14T20:26:44+00:00\" \/>\n<meta name=\"author\" content=\"Web Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:site\" content=\"@DailyLeadPak\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Web Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" 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