The post Gold price in Pakistan: Rates on April 30 appeared on BitcoinEthereumNews.com.

Gold prices fell in Pakistan on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 29,838.27 Pakistani Rupees (PKR) per gram, down compared with the PKR 29,952.26 it cost on Tuesday. The price for Gold decreased to PKR 348,027.80 per tola from PKR 349,357.30 per tola a day earlier. Unit measure Gold Price in PKR 1 Gram 29,838.27 10 Grams 298,382.80 Tola 348,027.80 Troy Ounce 928,101.40   Daily Digest Market Movers: Gold price is pressured by a combination of factors; downside potential seems limited President Donald Trump signed an order on Tuesday to ease tariff effects on the auto industry, giving carmakers two years to increase the share of domestic parts in US-assembled vehicles. This adds to the optimism over progress on trade negotiations and signs of the potential de-escalation of US-China trade tensions. The US Dollar attracts some buyers for the second straight day and also acts as a headwind for the Gold price. Investors, however, remain on the edge as Trump’s erratic trade policies continue to fuel worries about a sharp economic slowdown. Moreover, bets that the Federal Reserve will resume its rate-cutting cycle soon should cap any meaningful USD upside. Dovish Fed expectations were reaffirmed by the disappointing US Job Openings and Labor Turnover Survey (JOLTS) and the US Conference Board’s Consumer Confidence Index released on Tuesday. In fact, the US Bureau of Labor Statistics (BLS) reported that US job openings fell to 7.19 million by the last day of March from 7.480 million in the previous month. Adding to this, the US Consumer Confidence Index slumped to 86.0 in April, or a nearly five-year low. Furthermore, the Present Situation Index and the Expectations Index dropped to 133.5 and 54.4, respectively, during the reported month. The data strengthens the case for more aggressive…

---

Filed under: News - @ April 30, 2025 5:27 am