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Gold prices continue to rise in local, global markets

Gold prices continue to rise in local, global markets

Express Tribune21-05-2025
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Gold prices in Pakistan rose on Wednesday, following gains in the international market.
Locally, gold per tola increased by Rs6,600 to close at Rs349,400, while 10-gram gold was sold at Rs299,554, up by Rs5,659, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Tuesday, gold per tola had reached Rs342,800 after gaining Rs300. Internationally, gold prices jumped to $3,310 per ounce with a $20 premium, a $66 increase, as reported by APGJSA.
Meanwhile, silver prices also rose by Rs56 to Rs3,466 per tola.
Globally, gold gained 0.2% on Tuesday, supported by a weaker dollar and cautious optimism over US-China trade talks and progress in Russia-Ukraine peace negotiations. The dollar index fell 0.2%, making gold more affordable for holders of other currencies.
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Lionel Messi suspension leads to multimillion-dollar losses for MLS and hosting clubs
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Lionel Messi suspension leads to multimillion-dollar losses for MLS and hosting clubs

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Essential kitchen items' prices stay stable
Essential kitchen items' prices stay stable

Business Recorder

time2 days ago

  • Business Recorder

Essential kitchen items' prices stay stable

ISLAMABAD: The prices of essential kitchen items have remained stable during this week against the previous week, revealed a survey carried out by Business Recorder here on Saturday. The survey observed a reduction in chicken prices as it went down from Rs16,400 to Rs15,200 per 40-kg in the wholesale market, which in retail is being sold at Rs410 against Rs440 per kg and chicken meat is available Rs700 per kg. Eggs' price remained stable at to Rs7,300 per carton of 30 dozen which in retail is being sold in the range of Rs260-275 per dozen. Sugar price is stable at Rs8,800 per 50kg bag in the wholesale market, while in retail it is being sold at 190 per kg which reflects an over charging of Rs20 per kg as the government has fixed retail sugar price at Rs170 per kg. Traders especially retailers told this correspondent that sugar millers/stockists are not supplying the commodity to the retailers as per their commitment with the government. The moment stockists start supplying the commodity at the government fixed rates, the retailers will bring down the prices. Wheat flour price remained unchanged as the best quality wheat flour ex-mill per 15kg bag is available at Rs1,100, which in retail is being sold at Rs1,150 per 15kg bag; and normal quality wheat flour per 15kg bag is available at Rs1,000, which in retail is being sold at Rs1,050 per bag. After a significant reduction of Rs1,400 per 15 kg bag in wheat flour price over the past 18 months, the tandoor owners in some parts of the federal capital have reduced the roti, naan and paratha prices as in some parts of the federal capital, roti is available at Rs16 against Rs20, naan at Rs20 against Rs25 and paratha at Rs45 against Rs50; however, Quetta hotels chain has not reduced paratha price and are selling at highest rate of Rs60 per paratha. The bakers instead of reducing the biscuits, bread and confectionery items prices, have increased the prices of bakery items despite over 56 per cent reduction in flour prices over 31 per cent reduction in ghee/cooking oil prices. During the past two years, top quality cooking oil/ghee prices such as Dalda reduced by 25 per cent from Rs3,600 per 5 kg to Rs2,700 and normal ghee prices reduced by 31 per cent from Rs8,800 per carton of 16 packs to Rs6,100. The prices of cooked food items remained stable as a cooked daal/vegetable plate at a normal hotel is available at Rs320, cooked beef plate at Rs550, cooked chicken plate at Rs500, cooked mutton at Rs750 and naan/roti is being sold at Rs25/30. Mutton and beef prices remained stable as normal quality mutton was available at Rs2,200 per kg, normal quality boneless beef at Rs1,400 per kg, and normal beef at Rs1,100 per kg. Various varieties of fishes are available in the range of Rs500 to Rs900 per kg. 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The prices of the various varieties of rice remained stable as the best quality basmati price in wholesale market is available at Rs14,000 per 40kg bag, which in retail is being sold at Rs390 per kg, normal quality Basmati at RS13,000 per 40 kg bag, which in retail is being sold at Rs360 per kg, and broken Basmati at Rs10,000 per 40kg bag, which in retail is being sold at Rs260 per kg. Ghee/cooking oil prices remained stable as B-grade ghee/oil is available at Rs6,300 per carton of 16 packs in the wholesale market, which in retail is being sold at Rs420 against Rs400 per pack of 900 grams, while best quality cooking oil/ghee brands such as Dalda ghee in wholesale market are available at Rs2,750 per 5kg tin which in retail are being sold at Rs2,850 per 5-litre bottle. Prices of packed milk brands, Milk Pak, Olpers and others remained stable at Rs2,350 per carton, while in retail 250ml packed milk is being sold at Rs95 per 250ml. Similarly, litre pack at Rs370 per litre. 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European shares close higher after ECB leaves rates unchanged
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Business Recorder

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