{"id":347358,"date":"2023-08-06T00:31:12","date_gmt":"2023-08-05T19:31:12","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=347358"},"modified":"2023-08-06T00:31:12","modified_gmt":"2023-08-05T19:31:12","slug":"what-are-the-gold-rates-in-pakistan-today","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/what-are-the-gold-rates-in-pakistan-today\/","title":{"rendered":"What are the gold rates in Pakistan today?"},"content":{"rendered":"<p> KARACHI<br \/>\nGold rates in Pakistan continued their two-day gaining streak on Saturday after the international market also managed to appreciate on a weaker dollar.<br \/>\nAccording to data issued by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) appreciated by Rs1,300 per tola and Rs1,115 per 10 grams to settle at Rs222,800 and Rs191,016, respectively. Meanwhile, the price of the yellow metal increased by $10 to settle at $1,942 per ounce in the international market today.<br \/>\nGold prices rose on Friday internationally after a slightly weaker-than-expected US jobs report pushed the dollar and Treasury yields lower, offering some respite to bullion which was still on track for its worst week in six. \u201cThe jobs report has allowed the market to propose that the Federal Reserve is not as likely to raise interest rates. As a result, we\u2019ve seen bond yields drop along with the dollar and that is certainly supporting the price of gold,\u201d said David Meger.Gold is highly sensitive to rising US interest rates, as these increase the opportunity cost of holding non-yielding bullion.<\/p>\n<p>\u201cThe data was bit weaker-than-expected, but not dramatically so, which is why a small slight rise in prices this morning &#8230; Any dips (in gold) over the course of the next couple weeks, is likely going to be a buying opportunity,\u201d Meger said.<\/p>\n<p>Data shared by the association also showed that silver prices remained unchanged to settle at Rs2,750 per tola and Rs2,357.68 per 10 grams, respectively. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI Gold rates in Pakistan continued their two-day gaining streak on Saturday after the international market also managed to appreciate on a weaker dollar. According to data issued by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) appreciated by Rs1,300 per tola and Rs1,115 per 10 grams to settle [&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-347358","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>What are the gold rates in Pakistan today?<\/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\/what-are-the-gold-rates-in-pakistan-today\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are the gold rates in Pakistan today?\" \/>\n<meta property=\"og:description\" content=\"KARACHI Gold rates in Pakistan continued their two-day gaining streak on Saturday after the international market also managed to appreciate on a weaker dollar. 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