Today’s Gold Rates in Pakistan – December 16th, 2023

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The price of 24-karat gold per tola decreased by Rs1800 and is now being sold at Rs.216,800 in the domestic market. Similarly, the price of 10 grams of 24-karat gold also saw a reduction by Rs1543 and is being sold at Rs185,871. In the international market, the price of gold decreased by $15 to $2,040, as reported by the Association. This decrease in gold prices was attributed to the U.S. dollar and Treasury yields slipping after the Federal Reserve indicated an end to its monetary policy tightening cycle. Spot gold rose to $2,034.31 per ounce, and U.S. gold futures settled 2.4% higher at $2,044.90. Additionally, spot silver rose 1.6% to $24.13 per ounce, while platinum gained 2.6% to reach its highest level since September at $958.51. Palladium surged by 11% to $1,102.44, marking its best session since March 2020 after hitting a five-year low earlier this month.

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