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Gold Price Goes Above Rs. 5 Lac Per Tola After Massive Increase

After three days of decline, gold and silver prices rebounded strongly in both international and Pakistani markets on Tuesday.

Following the global uptick, local gold prices also climbed sharply. In Pakistan, the price of per tola gold rose by Rs. 24,000 to Rs. 514,362.

Similarly, the price of 10 grams of gold increased by Rs. 20,576 to Rs. 440,982.

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The price of 22-karat gold was also quoted higher at Rs. 404,248 per 10-gram.

Globally, spot gold traded near $4,921 an ounce, up $148.7, or 3.11 percent, from the previous session, rebounding from a recent correction.

Silver prices also moved higher. The price of per tola silver went up by Rs. 741 to Rs. 9,146.

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Business Desk