gold Archives - gamemmm12

Gold prices in Pakistan decline following international trends –…

8 October 2024
by admin

Gold prices in Pakistan saw a sharp decline on Tuesday, as global markets experienced a dip in precious metal rates.

In the local bullion market, the price of gold fell by Rs1,000 per tola, bringing it to Rs274,700, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Similarly, the price of 10-gram gold dropped by Rs857, now standing at Rs235,511. This decrease comes after a marginal increase of Rs200 per tola on Monday, when gold settled at Rs275,700 per tola.

Globally, gold prices also faced a decline, with rates falling by $9 during the day. According to the APGJSA, the international gold price stood at $2,647 per ounce, including a $20 premium.

Despite the drop in gold prices, the silver market remained stable, with the price of silver holding at Rs3,050 per tola.

Last month, gold prices in Pakistan had surged to a record high of Rs277,000 per tola, as the precious metal saw significant gains due to international market fluctuations.

Science & Environment

Gold rates register drop in Pakistan – SUCH TV

30 September 2024
by admin

Gold prices experienced a significant drop in both international and domestic markets today.

The decline was mirrored in Pakistan’s local markets. The price of 24-karat gold decreased by Rs500 per tola (approximately 11.66 grams), reaching Rs275,500. Similarly, the price per 10 grams of 24-karat gold fell by Rs428, closing at Rs236,197.

In contrast to the gold price drop, the price of silver remained unchanged. The price of silver remained stable at Rs3,050 per tola and Rs2,614.88 per 10 grams.

In the international bullion market, the price of gold fell by $4 per ounce, settling at $2,653.

Science & Environment

Gold price per tola decreases Rs700 in Pakistan –…

28 September 2024
by admin

Gold prices in Pakistan declined on Saturday in line with their decrease in international rates. In the local market, the price of gold per tola was lessened by Rs700, clocking in at Rs276,000.

Similarly, 10-gram gold was sold at Rs236,625 after it recorded a decrease of Rs601, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold price had decreased by Rs300 to settle at Rs276,700.

Meanwhile, the international rate of gold reduced on Saturday. As per APGJSA, the rate was at $2,657 per ounce (with a premium of $20), and down by $6 during the day.

Silver prices remained stable at Rs3,050 per tola.

On Thursday, gold prices hit a record high level of Rs277,000 per tola in Pakistan.

Experts have attributed the recent increase in gold prices to global developments, including escalating geopolitical tensions in the Middle East, Fed rate cuts and soaring demand from major markets like China and India.

Science & Environment

Gold price hits fresh record high of Rs273,000 per…

24 September 2024
by admin

After declining in the previous session, gold prices in Pakistan jumped on Tuesday in line with their increase in international rates.

In the local market, the price of gold per tola was up by Rs1,100, clocking in at Rs273,000, which is the latest record high in Pakistan.

Similarly, 10-gram gold was sold at Rs234,053 after it recorded an increase of Rs943, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Monday, gold price had decreased by Rs600 to settle at Rs271,900.

Meanwhile, the international rate of gold surged on Tuesday. As per APGJSA, the rate was at $2,628 per ounce (with a premium of $20), a gain of $11 during the day.

Silver prices remained stable at Rs2,950 per tola.

On Saturday, gold prices hit the then-record high level of Rs272,500 per tola in Pakistan.

Science & Environment

Gold price drops in Pakistan – SUCH TV

23 September 2024
by admin

After increasing for three consecutive sessions, gold prices in Pakistan declined on Monday in line with their decrease in international rates. In the local market, the price of gold per tola was down by Rs600, clocking in at Rs271,900.

Similarly, 10-gram gold was sold at Rs233,110 after it recorded a decrease of Rs471, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Saturday, gold price had increased by Rs500 to settle at Rs272,500.

Meanwhile, the international rate of gold plunged on Monday. As per APGJSA, the rate was at $2,617 per ounce (with a premium of $20), a loss of $5 during the day.

Silver prices remained stable at Rs2,950 per tola.

On Saturday, gold prices hit a record high level of Rs272,500 per tola in Pakistan.

Science & Environment

Indias Trade Deficit Soars in August Amid Record Gold…

18 September 2024
by admin

New Delhi: The surge in trade deficit in the month of August was primarily driven by record Gold imports totalling USD 10.1 billion, according to a report by Emkay. As per the report, the spike in gold imports was due to the reduction in customs duty and increased demand ahead of the festive season.

“The import surge was led by gold, which rose to a record level of USD10.1bn after averaging USD3.2bn in the first four months of FY25. This was likely due to the sharp cut in customs duty on gold, along with higher demand ahead of the festive season,” the report added. India’s trade deficit in August surged to a ten-month high of USD 29.7 billion. Emcay also noted that the growth in services exports is slowing.

The IT sector could see a decline to single-digit growth in FY25 says the report.It added that the non-IT services are expected to grow steadily, offsetting the slowdown in the IT sector.”We continue to expect robust services exports growth in FY25, led by higher growth in non-software services; software services growth may slow to low single-digits,” the report added.

“Growth in non-IT services could spill over to FY25 as well, even as IT services exports growth could moderate to low single-digits and remittances may also see a slowdown,” according to the report.India’s current account deficit (CAD) for FY25 is projected to remain at 1.1-1.2 per cent of GDP, similar to FY24 levels, the report added.

According to the report, the balance of payments (BoP) surplus is likely to be around USD 28-30 billion, supported by strong services exports and moderated capital inflows. Overall merchandise imports rose by 12 per cent month-on-month (MoM) to USD 64.4 billion, while exports grew at a slower pace of 2.4 per cent MoM to USD 34.7 billion.

The core (non-oil, non-gold) goods deficit also widened, as core imports increased by 6.9 per cent MoM, outpacing a 0.3 per cent decline in core exports. Electronic goods imports continue to show strong sequential and year-on-year (YoY) growth, signalling a recovery in domestic demand.

Meanwhile, the oil trade balance improved, with oil exports increasing by 13.9 per cent MoM, while oil imports fell 20.6 per cent, helped by lower global crude prices.In the services sector, India’s trade surplus rose to USD 15 billion.

Science & Environment

Gold prices in Pakistan hit record high – SUCH…

16 September 2024
by admin

Gold prices in Pakistan maintained their upward trajectory on Monday in line with the increase in international rates. In the local market, the price of gold per tola jumped by Rs1,700, clocking in at Rs268,000, which is the latest record high in Pakistan.

Similarly, 10-gram gold was sold at Rs229,767 after it recorded an increase of Rs1,458, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Saturday, gold price gained Rs400 to settle at Rs266,300.

Meanwhile, the international rate of gold surged on Monday. As per APGJSA, the rate was at $2,587 per ounce (with a premium of $20), a gain of $10 during the day.

Silver prices remained stable at Rs2,950 per tola.

On Saturday, gold prices hit the then-record high level of Rs266,300 per tola in Pakistan.

Science & Environment

Gold prices hit record high – SUCH TV

14 September 2024
by admin

Gold prices in Pakistan maintained its upward trajectory on Saturday in line with their increase in the international rates. In the local market, the price of gold per tola gained Rs400, clocking in at Rs266,300, which is the latest record high in Pakistan.

Similarly, 10-gram gold was sold at Rs228,309 after it registered an increase of Rs343, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold price jumped by Rs2,900 to settle at Rs265,900.

Meanwhile, the international rate of gold surged on Saturday. As per APGJSA, the rate was at $2,577 per ounce (with a premium of $20), an increase of $11 during the day.

Silver prices remained stable at Rs2,950 per tola.

On Friday, gold prices hit the then-record high level of Rs265,900 per tola in Pakistan.

Science & Environment

Gold prices see big decline in Pakistan – SUCH…

7 September 2024
by admin

After back-to-back gains, gold prices in Pakistan declined on Saturday in line with the decrease in the international rates. In the local market, the price of gold per tola lost Rs2,000, clocking in at Rs261,500.

The 10-gram gold was sold at Rs224,194 after it registered a decrease of Rs1,714, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Friday, gold price gained Rs1,400 to settle Rs263,500.

Meanwhile, the international rate of gold reduced on Saturday. As per APGJSA, the rate was at $2,497 per ounce (with a premium of $20), a decrease of $21 during the day.

Meanwhile, silver prices also register a decline of Rs50 to settle at Rs2,850 per tola.

Science & Environment

Gold prices dip in Pakistan – SUCH TV

4 September 2024
by admin

Gold prices in Pakistan declined for the second consecutive session on Wednesday, in line with decrease in the international rates. In the local market, the price of gold per tola lost Rs1,400 , clocking in at Rs260,100.

The 10-gram gold was sold at Rs222,994 after it registered a decrease of Rs1,200, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Tuesday, gold price declined by Rs1,000 at Rs261,500.

Meanwhile, the international rate of gold reduced on Wednesday. As per APGJSA, the rate was at $2,481 per ounce (with a premium of $20), a decrease of $17 during the day.

Meanwhile, silver prices also declined by Rs50 at Rs2,900 per tola.

Last month, gold prices hit a record high level of Rs263,700 per tola in Pakistan.

Tag: <span>gold</span>