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Gold prices surge in local markets after one-day decline

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

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

After falling trend, Gold rates shoot up across Pakistan

After falling trend

KARACHI: After a period of continuous decline, gold prices have surged sharply across Pakistan, rising by tens of thousands of rupees in a single day.

According to the All Pakistan Gems and Jewellers Association (APGJA), the price of gold increased by Rs24,000 per tola, taking the new rate to Rs514,362 per tola nationwide.

Similarly, the price of 10 grams of gold rose by Rs20,576, reaching Rs440,982.

Meanwhile, in the international market, gold prices also recorded a significant jump, increasing by $240 to $4,916 per ounce.

Market analysts attribute the sharp rise to global economic uncertainties and fluctuations in international bullion markets, which continue to influence local gold prices.

Silver prices witnessed a notable increase in the local market on Monday, following the upward trend in precious metals.

According to market sources, the price of one tola silver rose by Rs741, reaching Rs9,146. Meanwhile, the price of 10 grams of silver increased by Rs636 to settle at Rs7,841.

Global market momentum pushes gold prices upward

Global market

KARACHI: The gold prices have climbed sharply in the past week due to sustained global market momentum, with domestic market activity lagging behind.

In the international market, gold climbed $123 over the week to trade at $4,165 per ounce, leading to a surge in local prices.

In Pakistan, the price of one tola of gold increased by PKR 12,300, reaching PKR 438,862, while the price of 10 grams of gold rose by PKR 10,542, hitting PKR 376,253.

Silver prices also saw an increase, rising by PKR 420 per tola over the week to PKR 5,642 per tola.

Despite the rising gold prices, shopkeepers report that local market demand has slowed, with investors closely monitoring global market trends before making purchases.