Gold prices climbed while silver experienced sharp swings on Friday amid a global stock market rout and increased margin requirements by CME for precious metals. Spot gold surged 2.3% to $4,879.45 per ounce by 05:52 GMT, marking a modest 0.3% gain for the week. Meanwhile, US gold futures for April delivery added 0.2% to $4,897.20 […]
Precious Metals
Gold and silver bounce back after sharp volatility
Gold and silver prices rebounded strongly on Tuesday in both global and local markets, ending a three-day pause and signaling renewed investor interest after a period of heavy selling pressure. In the international market, gold surged by 137 dollars per ounce to reach 4,813 dollars, while in Pakistan the price per tola jumped by Rs13,700 […]
Gold and silver plunge after CME raises margin requirements suddenly
Gold and silver prices extended their sharp decline on Monday after CME Group raised margin requirements, triggering forced selling across precious metal markets. The move followed last week’s heavy losses, which were sparked by uncertainty surrounding the new US Federal Reserve leadership and shifting investor expectations. As a result, spot gold fell by another 3.6 […]
Gold prices plunge to record one-day low in Pakistan
KARACHI: Gold prices in Pakistan recorded the highest-ever single-day decline on Friday, tracking a sharp global sell-off in precious metals, dealers said. Read More: Gold price jumps to Rs551,662 per tola According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold fell by Rs35,500 per tola to […]
Gold plunges 5% amid Iran-US tensions, wiping $3 trillion from market
NEW YORK: Gold prices plunged five percent on Thursday, erasing roughly $3 trillion in market value after the precious metal briefly touched a record high above $5,500 per ounce. The sharp decline came amid escalating geopolitical tensions between Iran and the United States, though experts said the move was largely driven by profit-taking. Read More: […]
Gold surges past $5,200 as dollar slides to four-year low
Gold extended its blistering rally on Wednesday, surging past the $5,200 mark for the first time, as the US dollar sank to a near four-year low amid growing investor unease over US economic prospects and currency policy. Read More: Gold price tumbles Rs1,500 in Pakistan Spot gold rose 1.1% to $5,243.58 per ounce by 0314 GMT, […]
Gold prices hit fresh record amid global rally
Gold prices in the domestic market surged to new record highs on Friday, tracking a strong rally in international markets driven by heightened geopolitical tensions and expectations of further US interest rate cuts. Read More: Gold soars to record Rs506,362 per tola in Pakistan According to rates issued by the All Pakistan Sarafa Gems and Jewellers […]
Gold, silver, platinum hit record highs amid economic uncertainty
Gold extended its record-setting rally on Friday, while silver and platinum also reached all-time highs as investors sought refuge from geopolitical tensions and growing doubts over US assets. Read More: Precious metals rally as silver tops $75, gold and platinum hit records Spot gold rose 0.4 percent to $4,957.10 per ounce as of 05:36 GMT (10:36am PKT), after earlier touching $4,966.59, […]
Why gold prices are soaring to record highs?
Gold and other precious metals are surging to record highs as the year draws to a close, driven by a mix of geopolitical uncertainty, a weaker US dollar, strong industrial demand and tight supply, according to an AFP analysis. Gold and silver have traditionally been viewed as safe-haven assets, and demand has jumped sharply amid […]
Precious metals rally as silver tops $75, gold and platinum hit records
Gold, silver and platinum surged to record highs on Friday, driven by strong speculative momentum, thinning year-end liquidity and expectations of further US interest rate cuts, according to market analysts. Rising geopolitical tensions and a weaker US dollar also added to the rally across precious metals. Read More: Gold per tola jumps Rs2,000, setting new high […]