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bullion market

Gold prices surge in local markets after one-day decline

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Gold prices

KARACHI: Gold prices witnessed a sharp rebound in both international and local markets on Thursday after declining a day earlier.

In the international bullion market, the price of gold rose by $50 per ounce, pushing the global rate to $4,530 per ounce.

Following the upward trend in the global market, local bullion markets also recorded a significant increase in gold prices during the fourth trading day of the week.

The price of 24-karat gold per tola surged by Rs5,000, reaching Rs475,362 in the local market.

Similarly, the price of 10 grams of gold increased by Rs4,287 to settle at Rs407,546.

Meanwhile, silver prices also moved upward across the country. The price of silver per tola climbed by Rs60 to Rs8,034, while the rate for 10 grams of silver increased by Rs51 to Rs6,887.

A day earlier, gold prices had dropped sharply, with the international market declining by $68 per ounce to $4,480. In the domestic market, gold prices had fallen by Rs6,800 per tola to Rs470,362, while the price of 10 grams had decreased by Rs5,830 to Rs403,259.

Gold prices drop sharply in global and local markets

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Gold prices drop

KARACHI: Gold prices witnessed a sharp decline in both international and domestic markets, with significant losses recorded in bullion trading.

In the international bullion market, the price of gold fell by $155 per ounce, bringing the new global rate to $4,545 per ounce.

Following the global trend, local gold markets also saw a steep decline on the final trading day of the week. The price of 24-karat gold per tola dropped by Rs15, 500, settling at Rs476, 862.

The price of 10 grams of gold decreased by Rs13, 289, bringing the new rate to Rs408, 832.

Market analysts said the local prices moved in line with international trends as volatility continued in global commodity markets.

Silver prices also declined in local markets following a sharp drop in gold rates, reflecting broader volatility in precious metals trading.

Meanwhile, silver prices also fell significantly, with the per tola rate dropping by Rs972 to Rs8, 232. The price of 10 grams of silver also registered a decline of Rs833, according to market data.

Traders said local bullion rates continue to track international market movements as investors respond to

Record-breaking surge pushes gold prices above Rs500,000

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Record-breaking surge

KARACHI: Gold prices once again surged to historic highs in both international and domestic markets.

In the global bullion market, the price of gold jumped by a massive $127 per ounce, pushing the new all-time high to $4,840 per ounce.

Similarly, in local bullion markets, the price of 24-karat gold per tola rose sharply by Rs12,700, reaching a record level of Rs506,362 for the first time. Meanwhile, the price of 10 grams of gold increased by Rs10,888 to Rs434,123.

Silver prices in the country also witnessed an upward trend, with the per tola rate rising by Rs64 to reach a new historic high of Rs9,933.