The post Gold price in Pakistan: Rates on June 11 appeared on BitcoinEthereumNews.com.

Gold prices rose in Pakistan on Wednesday, according to data compiled by FXStreet. The price for Gold stood at 30,296.46 Pakistani Rupees (PKR) per gram, up compared with the PKR 30,148.96 it cost on Tuesday. The price for Gold increased to PKR 353,372.00 per tola from PKR 351,651.60 per tola a day earlier. Unit measure Gold Price in PKR 1 Gram 30,296.46 10 Grams 302,964.60 Tola 353,372.00 Troy Ounce 942,354.30   Daily Digest Market Movers: Gold price benefits from a favorable update on Trump’s tariffs US President Donald Trump received a favorable update on Tuesday as a federal appeals court ruled that his “Liberation Day” tariffs can temporarily stay in effect. Last month, the US Court of International Trade blocked the implementation of Trump’s tariffs, saying that the method used to enact them was unlawful. The latest development comes as the US and China, following two days of talks in London, agreed on a framework to implement the Geneva Consensus and ease trade tensions. US Commerce Secretary Howard Lutnick indicated the deal should resolve issues between the two countries surrounding rare earths and magnets. Russia continues with its strikes on Ukraine’s northeastern city of Kharkiv after rejecting an unconditional ceasefire earlier this month. Moreover, Israel continues to bombard the Gaza Strip relentlessly, keeping geopolitical risks in play and driving safe-haven flows toward the Gold price on Wednesday. The stronger-than-expected US Nonfarm Payrolls report released last Friday pointed to a still resilient labor market, forcing investors to scale back their bets for an imminent interest rate cut by the Federal Reserve. Markets, however, are still pricing in the possibility of two rate reductions by the end of this year. The US Dollar, however, remains confined to a familiar range, just above its lowest level since April 22, which it touched last…

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Filed under: News - @ June 11, 2025 5:23 am