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Pakistan Gold Rebounds as Silver Also Climbs on Global Bullion Strength

Higher global bullion prices drove the local rebound.

Overview

  • Per tola gold in Pakistan rose by Rs3,400 to Rs469,562, according to the Sarafa Association.
  • The 10-gram gold rate increased by Rs2,915 to Rs402,573, marking a sharp single-day recovery.
  • Silver strengthened with per tola up Rs70 to Rs8,195 and 10 grams up Rs60 to Rs7,025.
  • International gold was reported up $34 to $4,472 per ounce, supporting the domestic upswing.
  • The Pakistan Stock Exchange showed cautious trade, closing at 185,594 points, up 51, after swinging between 184,987.26 and 186,180.32.