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	77,545.00	78,545.00 74,645.00	2035.00 2.70%
BRENT CRUDE	92.42	98.98 86.09	-6.97 -7.01%
RICHARDS BAY COAL MONTHLY	103.25	103.25 103.25	0.00 0.00%
ROTTERDAM COAL MONTHLY	101.45	102.95 101.45	-1.50 -1.46%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	84.00	90.34 78.97	-7.17 -7.86%
SUGAR #11 WORLD	13.50	13.89 13.39	-0.30 -2.17%