Gold rate hits Rs71,200 per tola in Pakistan

Dunya News

Likewise, the gold rate 24K per 10 grams has increased to Rs61,043.

KARACHI (Dunya News) – Gold rate in Pakistan has hit Rs71,000 benchmark for the first time in Pakistan as the current rate of 24K per tola has increased to Rs71,200.

Likewise, the gold rate 24K per 10 grams has increased to Rs61,043, whereas the rate of 22K gold per 10 grams has increased to Rs55,956.

Spot gold, in international market, was flat at $1,293.33 per ounce as of 0545 GMT, having touched its lowest level since March 7 at $1,284.76 in the previous session. U.S. gold futures firmed 0.2 percent at $1,297.70 an ounce.

Gold prices were steady on Wednesday as the dollar index weakened about 0.2 percent against its rivals, after recovering from a four-week low in the previous session, even as safe-haven demand for the metal was muted due to a rally in equities to multi-month highs.

Thereby, bullions have gotten cheaper for holders of other currencies.