After experiencing a dip in prices, gold made a strong recovery in Pakistan’s domestic market on Wednesday.
According to the All Pakistan Gems and Jewellers Association, the price of gold rose by Rs2,900 per tola, settling at Rs280,800. Similarly, the price of 10 grams increased by Rs2,487, bringing it to Rs240,741.
On the international market, gold prices also showed an upward trend, climbing by $29 to reach $2,690 per ounce.
The recovery comes a day after a decline in both domestic and international markets. On Tuesday, international gold prices dropped by $14 to $2,661 per ounce, leading to a local reduction in prices. In Pakistan, the price of 24-carat gold decreased by Rs1,400 per tola to Rs277,900, while the 10-gram price fell by Rs1,201 to Rs238,254.
Meanwhile, the price of silver remained stable during this period.
Gold’s fluctuating rates reflect global market trends, and investors are closely monitoring the bullion market for further changes.
