Summary Gold and silver prices rise again after two-day drop; gold up Rs4,400 per tola in Pakistan, while global rate increases by $44 per ounce, pushing local market higher.
KARACHI (Dunya News) - Gold and silver prices have surged again in global and local markets after witnessing a decline over the past two days.
According to jewellers, the price of 24-karat gold per tola increased by Rs4,400 to reach Rs483,962, while the price of 10 grams of gold rose by Rs3,772 to Rs414,919.
In the international market, gold gained $44 per ounce to settle at $4,616 per ounce.
Meanwhile, the price of silver per tola increased by Rs55 to reach Rs7,821.
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A day earlier, prices in Pakistan declined following a sharp drop in the international market.
In the global bullion market, the price of gold fell by $55 per ounce, bringing it down to $4,572 per ounce.
The decline in international rates directly impacted local markets across Karachi and other cities.
As a result, in the domestic bullion market, the price of gold per tola decreased by Rs5,500, settling at Rs479,562.
Similarly, the price of 10 grams of gold dropped by Rs4,715 to reach Rs411,147.
Silver prices also witnessed a downward trend. In the international market, silver fell by 45 cents to $72.82 per ounce. Consequently, in local markets, the price of silver per tola declined by Rs55 to Rs7,766, while 10 grams of silver dropped by Rs38 to Rs6,658.
