Gold prices have rebounded after a brief decline, both internationally and domestically, marking a significant milestone in the precious metals market.
In the international bullion market, the price of gold per ounce has risen by $6, reaching $2,936.
Correspondingly, local markets have experienced a substantial increase. The price of 24-carat gold per tola has surged by Rs1,000 , reaching Rs308,000. Similarly, the price of gold per 10 grams has risen by Rs857 rupees, reaching RS264,060.
This upward trend in gold prices is attributed to various global economic factors, including inflation concerns and shifts in currency valuations. Investors are increasingly turning to gold as a safe-haven asset amidst market uncertainties.
Yesterday, following a market surge, gold prices experienced a sharp decline. The price of gold in the international bullion market dropped by $23 per ounce, bringing the price down to $2,930.
This result in decrease in the local gold markets too, where the price of 24-carat gold per tola fell by Rs2,000, settling at Rs307,000, whereas the price of gold per 10 grams in Pakistan dropped by Rs1,714, bringing it to Rs263,203.
- Desk Reporthttps://foresightmags.com/author/admin/
- Desk Reporthttps://foresightmags.com/author/admin/
- Desk Reporthttps://foresightmags.com/author/admin/
- Desk Reporthttps://foresightmags.com/author/admin/
