KARACHI: Gold continued to shine as 10-gram and one-tola rates hit a new all-time high of Rs246,828 and Rs287,900 on Tuesday, up by Rs2,486 and Rs2,900, respectively, day-on-day.

As per All Sindh Saraf and Jewellers Association (ASSJA), an increase of $29 per ounce to $2,784 pushed up domestic rates, which also included a $20 per ounce premium in the global bullion rates which the association had started fixing in daily local rates since last year.

Based on Jan 1 rates of Rs188,357 and Rs219,700, consumers are paying Rs58,471 in 10-gram and Rs68,200 in one-tola, respectively.

The international gold rate rose $702 from $2,082 per prevailing on Jan 1.

Dealers said gold buying may remain a top priority for investors amid rising tension in the Middle East, US elections in November, and declining interest rates in various countries.

Published in Dawn, October 31st, 2024

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

Opinion

Editorial

Not cricket
Updated 06 Apr, 2025

Not cricket

It is high time that the PCB sets things right; even if it demands a complete overhaul of the system.
Balochistan deadlock
Updated 06 Apr, 2025

Balochistan deadlock

Akhtar Mengal’s demands to release women activists should seriously be considered.
Escalating brutality
Updated 06 Apr, 2025

Escalating brutality

The world’s patience is running out. Israel must be held accountable under international law for war crimes.
Electricity relief
Updated 05 Apr, 2025

Electricity relief

If govt ensures that requisite power reforms are implemented, it will earn much praise for reforming a vital segment of the economy.
Trump’s trade wars
Updated 05 Apr, 2025

Trump’s trade wars

Shoddy math applied by US to indiscriminately penalise its trading partners signals the end of an era of global trade liberalisation.
Legalised land grab
Updated 05 Apr, 2025

Legalised land grab

The Modi government from its inception has been attacking India’s minorities, the largest such community in its crosshairs being the Muslims.