Gold Prices Set to Rise After Two Days of Decline in Global and Local Markets
After experiencing a two-day decline, gold prices saw an increase today, both globally and locally.
Global Market Update
- Gold Price per Ounce: The price of gold in the international bullion market rose by $10, reaching $2372 per ounce.
Local Market Update
- 24-Carat Gold per Tola: In local currency markets, the price of 24-carat gold per tola increased by Rs. 600, bringing it to Rs. 245,600.
- 10 Grams of Gold: The price for 10 grams of 24-carat gold rose by Rs. 514, reaching Rs. 210,562.
Silver Prices
- Stable Prices: The price of silver remained unchanged, with 24-carat silver per tola priced at Rs. 2900 and Rs. 2486.28 per 10 grams.
Market Trends and Observations
- Increased Buying Activity: Representatives from the bullion market have attributed the recent fluctuation in local gold prices to increased buying activity following the declines of the past two days.
- Recent Trends: There has been a trend of decreasing gold prices over the past two days before today’s increase.
The gold market is experiencing volatility, with prices rising today after a recent decline. The stability in silver prices contrasts with the fluctuation in gold, highlighting different market dynamics for these precious metals.