Gold May Hit Rs. 5 Lac Again

Gold rates in Pakistan recovered on Thursday after an rise in international market rates.

Key points

• IMF Reaches Staff-Level Agreement With Pakistan on 4th EFF Review, Unlocking $1.2 Billion Loan.
• According to rates published by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold settled at Rs.
• 4, 500-5, 000 levels with the war nowhere near an untidy end.
• In the international market, gold gained $6 to settle at $4, 125 per ounce.
• The cost of 10-gram gold rose to Rs.

Gulf traders expect bullion business to re-enter Rs. 4, 500-5, 000 levels with the war nowhere near an untidy end.

According to rates published by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold settled at Rs. 435, 036 per tola after gaining Rs. 600.

Notably, the cost of 10-gram gold rose to Rs. 372, 973 after gaining Rs. 515.

On Wednesday, the cost of gold settled at Rs. 434, 436 after losing Rs. 3, 100.

Silver rates declined by Rs. 120 to close at Rs. 6, 368 per tola. Stay Connected with ProPakistani.

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Taken together, the developments around gold May Hit Rs. 5 Lac Again point to a situation that is still moving, and the coming days should bring more clarity.