Gold prices soar to record Rs264,000 per tola in Pakistan | The Express Tribune
Listen to article Gold prices in Pakistan continued to rise on Wednesday, marking back-to-back gains in line with increasing international rates. The price of gold per tola (11.66 grams) surged by Rs2,300, reaching a record-breaking Rs264,000, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of gold also increased, rising by […]
Gold hovers near record highs ahead of US inflation data release | The Express Tribune
Listen to article Gold prices remained near record highs on Friday, poised for a monthly gain amid US rate-cut expectations and geopolitical uncertainty. Spot gold was up 0.1% at $2,523.59 per ounce, close to the August 20 peak of $2,531.60. It has risen over 3% this month. US gold futures slipped 0.1% to $2,556.70. In the Middle East, ceasefire […]
Gold hits record high at Rs263,700/tola | The Express Tribune
KARACHI: Gold prices in Pakistan soared to a new record high of Rs263,700 per tola (11.66 grams) on Saturday, marking a fresh increase of Rs1,700, according to the All Pakistan Sarafa Gems and Jewellers Association. The metal pricing body reported that this latest rise follows a $20/ounce (31.10 grams) increase in global gold prices, which […]
Gold prices hit record highs in Pakistan amid global market surge | The Express Tribune
Gold prices hit an all-time high on August 16, 2024, propelled by a weaker US dollar and expectations of a potential interest-rate cut by the Federal Reserve. The metal’s appeal was further amplified by ongoing geopolitical tensions, particularly in the Middle East, which heightened demand for safe-haven assets. Spot gold increased by 1.7% to $2,498.72 […]
Gold rises to record high, rupee falls | The Express Tribune
KARACHI: Gold price hit an all-time high at Rs257,700 per tola (11.66 grams) in line with the global trend on Tuesday while the Pakistani rupee slightly weakened to Rs278.70 against the US dollar in the inter-bank market. According to the All Pakistan Sarafa Gems and Jewellers Association, bullion surged Rs1,200 per tola in a day, […]
Debt soars to record Rs74.6 trillion | The Express Tribune
ISLAMABAD: As Pakistan’s public and guaranteed debt has surged to a record Rs74.6 trillion by the end of June, a new report by the Finance Ministry assesses that in case of any new macroeconomic and fiscal shock the debt and financing needs would jump to unsustainable levels”. The Ministry of Finance’s Debt Sustainability Analysis report […]
Gold prices tumble after reaching record high | The Express Tribune
In the international bullion market, the price of gold per ounce dropped by $16, bringing it down to $2,417 from the previous price of $2,433. Consequently, in local markets on Monday, the price of 24-carat gold per tola decreased by Rs300, settling at Rs256,500. Similarly, the price of 10 grams of gold saw a decline […]
Gold soars to record high | The Express Tribune
KARACHI: Gold surged to a new all-time high of Rs257,300 per tola (11.66 grams) in Pakistan on Friday, driven by weaker US employment data and escalating political tensions in the Middle East. According to the All Pakistan Sarafa Gems and Jewellers Association, the precious metal jumped Rs2,400/ tola in a single day, marking a cumulative […]
PSX plummets by over 1,200 points after hitting record high | The Express Tribune
The Pakistan Stock Exchange (PSX) experienced a significant decline and closed at 80,117 after experiencing a significant decline of 1,721 points. This drop represents a 2.15% decline from yesterday’s all-time high of 81,839 points. Yesterday, PSX surged to new heights, gaining 684 points to close at an all-time high of 81,839 points. This remarkable 0.84% increase […]
Pakistan’s agriculture exports reach record $8 billion | The Express Tribune
Pakistan has achieved a significant milestone in agricultural sector with agro-exports reaching an unprecedented 8 billion US dollars mark for the first time in previous fiscal year from July 2023 to June 2024, Pakistani Commerce Minister Jam Kamal Khan said Saturday. The achievement underscores the collective efforts of traders, farmers, the Trade Development Authority of […]