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	86,610.00	86,610.00 86,065.00	320.00 0.37%
BRENT CRUDE	98.87	98.93 98.27	-0.38 -0.38%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	6.90 5.61%
ROTTERDAM COAL MONTHLY	137.10	137.10 137.10	-0.20 -0.15%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	89.87	90.00 89.47	-0.65 -0.72%
SUGAR #11 WORLD	18.57	18.58 18.02	0.18 0.98%