Gold prices bounce back after last week’s drop

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

0:00

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	70,740.00	71,645.00 70,320.00	-790.00 -1.10%
BRENT CRUDE	87.31	87.66 83.16	1.90 2.22%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-9.60 -8.81%
ROTTERDAM COAL MONTHLY	125.00	125.00 123.00	1.55 1.26%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	84.45	84.90 78.24	3.44 4.25%
SUGAR #11 WORLD	13.78	13.79 13.69	0.06 0.44%