May 07, 2023 (MLN): The price of 24-karat gold in the domestic bullion moved up by Rs500 per tola to Rs225,500 per tola on Saturday, the data issued by Karachi Sarafa and Jewellers Association showed.
As per the data, the price of 24-karat 10 grams gold reached Rs193,330 per tola, displaying a noteworthy rise of Rs429. Additionally, the price of 22-karat gold per 10 grams settled at Rs177,219.
The silver market also experienced fluctuations, with the price of 24-karat silver witnessing a slight decrease of Rs80 per tola, settling at Rs2,870.
Similarly, the price of 24-karat silver per 10 grams declined by Rs68.58, amounting to Rs2,460.56.
Meanwhile, International commodity markets showcased extreme volatility throughout the week, with spot gold reaching a new all-time high but swiftly experiencing a sudden sell-off.
Ultimately, the week ended with spot gold closing at $2,015.36, a slight decrease from the weekly high but still representing the new record, and closing the week with +1.32%.
On the other hand, international spot silver closed the week at $25.64, reflecting a rise of 2.42%.
