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	80,725.00	82,215.00 80,520.00	-1460.00 -1.78%
BRENT CRUDE	107.83	108.32 104.23	3.62 3.47%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	-6.75 -5.78%
ROTTERDAM COAL MONTHLY	110.00	110.05 110.00	0.15 0.14%
USD RBD PALM OLEIN	1,191.50	1,191.50 1,191.50	0.00 0.00%
CRUDE OIL - WTI	101.68	102.13 98.00	3.61 3.68%
SUGAR #11 WORLD	14.85	15.22 14.81	-0.06 -0.40%