KARACHI – After two consecutive days of decline, gold prices rebounded on Thursday in both international and local markets. In the global bullion market, the price of gold surged by $37 per ounce, reaching $4,007 per ounce. The upward movement in international prices drove a similar increase in Pakistan’s local market.
According to the All Pakistan Gems and Jewellers Association, the price of 24-karat gold rose by Rs3,700 per tola, bringing it to Rs423,062. Meanwhile, the rate for 10 grams of gold climbed by Rs3,122 to reach Rs362,707.
Read More: Gold prices fall by Rs1,000 per tola in Pakistan amid global decline
Silver also saw gains, with prices increasing by Rs90 per tola to Rs5,112 and by Rs77 per 10 grams to Rs4,382. Market analysts said the rebound in gold prices was driven by fluctuations in the global market and shifting investor sentiment. The precious metal had been on a downward trend for the past two days before recovering today.