Tue, 21-Oct-2025

Gold prices fall in Pakistan as Govt affirms economic progress

Gold prices fall in Pakistan
  • The price of gold fell by Rs 2,200 per tola and Rs 1,886 per 10 kilos to settle at Rs 157,400 and Rs 134,945 on the local market.
  • Gold prices fell as a result of the government’s position on economic growth and a strengthening of the local currency.
  • Today’s Domestic market silver prices stayed constant at Rs 1,630 per tola and Rs 1,397.46 per 10 grams.

On Monday, gold prices fell as a result of the government’s position on economic growth and a strengthening of the local currency.

ASSJA data revealed that the price of gold, which is regarded as a safe haven, fell by Rs 2,200 per tola and Rs 1,886 per 10 kilos to settle at Rs 157,400 and Rs 134,945 on the local market.

The price of gold is currently below its cost, which should be noticed. Compared to Dubai, the price of gold is reduced by Rs 3,500 per tola.

The most recent price for local markets was chosen while keeping in mind the costs at which transactions between buyers and sellers occurred.

The price of gold rose $ 7 per ounce to settle at $ 1,774 on the international market as the dollar weakened and investors awaited fresh economic data that would indicate how quickly the US Federal Reserve will raise interest rates.

In the meantime, today’s domestic market silver prices stayed constant at Rs 1,630 per tola and Rs 1,397.46 per 10 grams.

 

[embedpost slug=”gold-rate-in-kuwait-today-on-1-aug-2022/”]

Read more

UN warns Ukraine war will devastate poor countries

ukraine war

A UN task committee warns that Russia’s conflict in Ukraine threatens to ruin several developing nations’ economies, already struggling with rising food and energy costs. The battle was “supercharging” food, energy, and financial crises in impoverished nations already dealing with the Covid-19 pandemic, climate change, and a lack of proper funds for economic recovery, according … Read more

PIAF says tight monetary policy to depress industrial growth

KARACHI: The Pakistan Industrial and Traders Associations Front (PIAF) has appealed the government to review its tight monetary policy stance, as the current high monetary policy will depress the domestic demand and retard economic progress, a statement said on Saturday. PIAF senior vice chairman Nasir Hameed and vice chairman Javed Siddiqi, in a joint statement, … Read more

ADB expresses satisfaction on economic progress of Pakistan

ADB

The Asian Development Bank (ADB) on Friday said that economy of Pakistan is recovering despite the spike in novel coronavirus caseload. According to the details, the ADB report said that economy of Pakistan has witnessed recovery particularly in the manufacturing and construction sectors supported by the government’s emergency relief package. The report titled ‘Asian Development … Read more