Gold rates climb after two-day dip

KARACHI (Dunya News) - After two consecutive days of decline, gold prices rebounded today in both international and local markets.

In the international bullion market, the price of gold increased by $37 per ounce on Thursday, bringing the new global rate to $4,007 per ounce.

Following the global trend, local gold markets in Pakistan also witnessed a sharp rise. The price of 24-karat gold surged by Rs3,700 per tola, reaching a new level of Rs423,062 per tola. Similarly, the rate of 10 grams of gold rose by Rs3,122, bringing it to Rs362,707.

Silver prices also moved upward, with an increase of Rs90 per tola, bringing the new rate to Rs5,112 per tola. The price of 10 grams of silver climbed by Rs77, now standing at Rs4,382.

Market experts attributed the rise in gold prices to fluctuations in the international market and changing investor sentiment.

It is worth noting that gold prices had been on a downward trend for the past two days before rising again today.