The price of gold in Pakistan posted its first major increase of the current month on Wednesday.
According to local Sarafa Association and the All-Pakistan Gems and Jewelers Association sources, the price of 24-carat gold per tola in local bullion markets has increased by Rs. 3,100 to Rs. 280,500, while the price of 10 grams of gold has also increased by Rs. 2,658 to Rs. 240,484.
In the international market, gold prices were flat today with spot gold was steady at $2,695.91 per ounce as of 1216 GMT. The US gold futures increased by 0.4 percent to $2,727.80.
Goldman Sachs has cited fewer Fed rate cuts as the main downside risk to its 2025 year-end gold forecast of $3,000 per ounce.
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