Gold in Pakistan recovered massively on Tuesday after yesterday’s big slump in global markets.
The price of one tola increased by Rs. 16,300 to Rs. 464,062, while 10 grams rose by Rs. 13,975 to Rs. 397,858, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Monday, gold plunged to Rs. 447,762 per tola after losing Rs. 43,500 during the session.
The international market, meanwhile, saw gold prices increase by $163, bringing the rate to $4,413 per ounce, with an additional $20 premium.
Silver also recovered after gaining Rs. 570 to settle at Rs. 7,454 per tola.