By Commerce Reporter
KARACHI: Gold prices in Pakistan rebounded sharply after Monday’s decline, with rates climbing significantly in both local and international markets. According to figures released by the All-Pakistan Gems and Jewellers Sarafa Association, the price of 10-gram gold surged by Rs3,515, taking the new rate to Rs422,206.
The upward trend was also reflected in the global bullion market, where gold prices gained $41 per ounce. International gold reached $4,701 per ounce, including a premium of $20, signaling renewed investor interest and stronger demand worldwide.
Silver prices followed the same trajectory in the domestic market. The rate of silver increased by Rs395 per tola, pushing the price to Rs8,908. Traders noted that fluctuations in the international market and currency movements continued to influence local bullion prices.
The latest rise came just a day after gold recorded a notable drop in Pakistan. On Monday, the price per tola had fallen by Rs5,300, settling at Rs488,362 by the close of trading. However, Tuesday’s recovery indicated renewed momentum in the precious metals market, with both gold and silver regaining strength after the previous session’s losses.
