Gold price soars to Rs50,914 - Business - DAWN.COM

Today's Paper | May 05, 2024

Join our Whatsapp channel

Gold bullion — File Photo

Gold bullion — File Photo

KARACHI: Gold improved by Rs43 and closed at Rs50,914 per 10 grams in the local market on Tuesday as according to market sources its international price rose to $ 1,692 an ounce.

According to Karachi Saraf Association official, tola (11.664 grams) price also increased by Rs100 to Rs59,400.

Silver closed higher at Rs917.14 per 10 grams.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Latest Stories

IHC issues contempt notices to IB, FIA, PTA over ‘collusive’ recusal pleas in audio leaks case

IHC issues contempt notices to IB, FIA, PTA over ‘collusive’ recusal pleas in audio leaks case

London Mayor Sadiq Khan wins historic 3rd term as Tories routed in local polls

London Mayor Sadiq Khan wins historic 3rd term as Tories routed in local polls

PTA refuses FBR demand to block over 500,000 non-filers’ SIMs

PTA refuses FBR demand to block over 500,000 non-filers’ SIMs

Dr Shahzad Baig lands on Time’s 100 influential people in health for polio eradication efforts

Dr Shahzad Baig lands on Time’s 100 influential people in health for polio eradication efforts

KP, Punjab, Balochistan governors’ appointment approved by President Zardari

KP, Punjab, Balochistan governors’ appointment approved by President Zardari

Canada probe finds evidence of foreign meddling in elections, but results not affected

Canada probe finds evidence of foreign meddling in elections, but results not affected

What’s so embarrassing about a period?

What’s so embarrassing about a period?

Amnesty International calls for the release of Saudi fitness expert jailed over ‘clothing choices’

Amnesty International calls for the release of Saudi fitness expert jailed over ‘clothing choices’

Pakistanis have some ideas for Kababjees’ latest business venture — Kababjees airline or Kababjees cricket team

Pakistanis have some ideas for Kababjees’ latest business venture — Kababjees airline or Kababjees cricket team

Most Popular

01

Pakistani lunar payload successfully launches aboard Chinese moon mission

Pakistani lunar payload successfully launches aboard Chinese moon mission

02

FBR uncovers Rs756bn sales tax scam

FBR uncovers Rs756bn sales tax scam

03

Govt extradites Oslo Pride shooting suspect to Norway

Govt extradites Oslo Pride shooting suspect to Norway

04

Cartoon: 4 May, 2024

Cartoon: 4 May, 2024

05

Canadian police charge three with Sikh leader’s murder

Canadian police charge three with Sikh leader’s murder

06

PML-N Senator Afnan Ullah says induction of ‘independent’ senators, including Naqvi, continuation of hybrid regime

PML-N Senator Afnan Ullah says induction of ‘independent’ senators, including Naqvi, continuation of hybrid regime

07

Bilawal names PPP loyalists as Punjab, KP governors

Bilawal names PPP loyalists as Punjab, KP governors

08

Dialogue only when ‘stolen mandate’ returned: Imran

Dialogue only when ‘stolen mandate’ returned: Imran

09

India’s foreign minister rejects Biden’s ‘xenophobia’ comment

India’s foreign minister rejects Biden’s ‘xenophobia’ comment

Must Read

Editorial: Dire need for permanent resolution for rigging issue, for all elections to come

Editorial: Dire need for permanent resolution for rigging issue, for all elections to come

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.

Boosting cybersecurity shouldn’t focus on creating new entities like NCCIA but enhancing existing structures

Boosting cybersecurity shouldn’t focus on creating new entities like NCCIA but enhancing existing structures

Students, not security threats

Students, not security threats

What’s so embarrassing about a period?

What’s so embarrassing about a period?

A more cautious and nuanced approach needs to be taken with regards to the NFC Award

A more cautious and nuanced approach needs to be taken with regards to the NFC Award

Opinion

No need for NCCIA

No need for NCCIA

Khawaja Khalid Farooq

The NCCIA’s creators did not provide a clear reason for why the FIA’s efforts were insufficient to meet cybersecurity needs.

Perspectives on NFC Award

Updated 04 May, 2024

Perspectives on NFC Award

Mining dynamics

04 May, 2024

Mining dynamics

History’s lessons

04 May, 2024

History’s lessons

Road to UHC

Updated 03 May, 2024

Road to UHC

Editorial

Rigging claims

Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.

Gaza’s wasteland

04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...

Housing scams

04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...

Under siege

Updated 03 May, 2024

Under siege

Whether through direct censorship, withholding advertising, harassment or violence, the press in Pakistan navigates a hazardous terrain.

Meddlesome ways

03 May, 2024

Meddlesome ways

AFTER this week’s proceedings in the so-called ‘meddling case’, it appears that the majority of judges...

Mass transit mess

03 May, 2024

Mass transit mess

THAT Karachi — one of the world’s largest megacities — does not have a mass transit system worth the name is ...

‹

5 Gazan journalists who are risking it all to make the world care

5 Gazan journalists who are risking it all to make the world care

›

Pakistani lunar payload successfully launches aboard Chinese moon mission

Pakistani lunar payload successfully launches aboard Chinese moon mission