Gold prices bounce back after last week’s drop

MG News | May 06, 2024 at 03:12 PM GMT+05:00

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May 06, 2024 (MLN): Gold prices in Pakistan rebounded on Monday, with the price of 24-karat gold gaining Rs2,500 per tola to Rs240,500.

Last week, 24-karat gold dropped by Rs6,400 per tola, taking the cumulative loss over the past two weeks to Rs14,200 per tola or 5.63%.

The Karachi Sarafa Association further reported the price of 24-karat gold at Rs206,190 per 10-gram, up Rs2,143 DoD.

Similarly, the price of 22-karat gold was quoted lower at Rs189,007 per 10-gram.

Meanwhile, silver prices remained unchanged in the domestic market, with 24-karat silver being sold at Rs2,620 per tola and Rs2,254.8 per 10-gram.

On the global front, international spot gold is traded near $2,322 an ounce, up by 0.88% compared to the last close.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,055.00	117,335.00 114,960.00	1480.00 1.28%
BRENT CRUDE	68.50	68.69 67.01	1.06 1.57%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	93.35	93.50 93.15	0.50 0.54%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.55	64.76 62.89	1.25 1.97%
SUGAR #11 WORLD	15.88	16.10 15.82	-0.12 -0.75%