After days of decline, gold prices jump again by thousands of rupees
Business
Gold prices rebounded in both local and international markets after three straight days of decline. Global rates rose by $30 per ounce
KARACHI (Dunya News) – After three consecutive days of falling prices, gold has once again shot up, bringing a fresh wave of concern for buyers in both international and local markets.
In the global bullion market, the price of gold increased by $30 per ounce, reaching $4,221. This jump quickly echoed in Pakistan’s gold market, where prices went up by thousands of rupees overnight.
According to local jewelers, the price of gold per tola rose by Rs3,000, while the rate for 10 grams increased by Rs2,572.
With this surge, the new price of gold per tola has reached Rs444,462, and 10 grams of gold is now priced at Rs381,064 in local Sarafa markets.
Market dealers say the sudden rebound shows how gold prices can turn on a dime, driven by global demand, currency trends, and market uncertainty. Many buyers who expected prices to keep falling were caught off guard as rates bounced back sharply.
