Gold prices made a strong recovery on Thursday, breaking a two-day losing streak. The precious metal hit a new record high in the domestic market while also gaining ground internationally.
The rebound signals renewed investor interest after a short period of decline.
Gold Pakistan Market Update
In local markets, the price of 24-karat gold increased sharply.
- Per Tola: Rose by Rs 3,700 to a new high of Rs 423,062.
- Per 10 Grams: Increased by Rs 3,122 to Rs 362,707.
Silver prices also followed the upward trend.
- Per Tola: Increased by Rs 90 to Rs 5,112.
- Per 10 Grams: Rose by Rs 77 to Rs 4,382.
Gold International Market Price
The rally was mirrored in global markets, driven by broader economic factors.
- Spot Gold: Increased by 0.7% to $4,011.79 per ounce.
- US Gold Futures: Rose 0.7% to $4,021.20 per ounce.
Other precious metals also saw gains, with silver rising 1.4% to $48.74 per ounce. This price movement highlights the volatile nature of the bullion market. It remains a key indicator for global economic sentiment.
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