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Gold Price Drops by Rs10,000 Per Tola in Pakistan – SUCH TV

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Gold Price Drops by Rs10,000 Per Tola in Pakistan – SUCH TV



KARACHI: Gold prices in Pakistan witnessed a sharp decline on Wednesday, with the price of 24-karat gold falling by Rs10,000 per tola, according to the All Pakistan Sarafa Gems and Jewellers Association.

The new price of gold per tola was recorded at Rs539,962, compared to Rs549,962 in the previous trading session.

Gold Rates in Pakistan

24-karat gold (per tola): Rs539,962 (down Rs10,000)

24-karat gold (10 grams): Rs462,930 (down Rs8,573)

22-karat gold (10 grams): Rs424,367 (down Rs7,859)

Silver Prices

Silver prices, however, moved in the opposite direction.

Silver (per tola): Rs9,004 (up Rs100)

Silver (10 grams): Rs7,719 (up Rs86)

International Market Trend

Globally, gold prices also declined as the international gold rate dropped by $100, falling to $5,172 from $5,272 per ounce.

Meanwhile, silver prices in the global market increased by $1, reaching $85.20 from $84.20.

Market analysts say fluctuations in global bullion markets and investor sentiment continue to influence gold prices in Pakistan.



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Ryanair flight from Milan to Manchester leaves passengers behind due to border delays

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Ryanair flight from Milan to Manchester leaves passengers behind due to border delays



New European border rules have caused delays at airports across the continent, affecting flights.



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Rivian’s factory damaged by tornado amid crucial R2 EV launch

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Rivian’s factory damaged by tornado amid crucial R2 EV launch


A view shows a second-generation R1S at electric auto maker Rivian’s manufacturing facility in Normal, Illinois, on June 21, 2024.

Joel Angel Juarez | Reuters

A tornado damaged part of Rivian Automotive‘s factory in central Illinois over the weekend, according to a message sent to employees Sunday night by CEO RJ Scaringe that was viewed by CNBC.

The tornado touched down on the plant, Scarigne said. That area was being used for parts storage and logistics for Rivian’s upcoming R2, which is a crucial product for the company that’s expected to be on sale this spring.

Scaringe said operations in the damaged area are expected to resume this week, while other major portions of the plant, such as its assembly lines, are operating as planned. No injuries have been reported as a result of the incident, according to a company spokeswoman.

“While Building 2 has sustained damage and is closed for the time being as we complete our assessments, I am incredibly relieved to share that there were no injuries at our plant,” Scaringe said in his message to employees.

Scaringe said the company would “share more information as it becomes available, but for now, our priority is ensuring our Normal [Illinois] team is safe and supported.”

Apparent photos posted online of the aftermath, which was first reported by TechCrunch, showed damage to the roof and at least one wall of the recently constructed building.

The National Weather Service reports the factory was hit amid a “significant tornado outbreak” that occurred Friday across the upper Midwest. Confirmed tornadoes near the factory Friday night were classified as EF1, with estimated peak winds of 100 mph, according to NWS.

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Trump tariff refunds begin but consumers likely to miss out

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Trump tariff refunds begin but consumers likely to miss out



Businesses can apply online through a portal for refunds expected to total $160bn.



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