Gold Recovers After Previous Day’s Decline
Gold prices recorded a strong rebound in Pakistan on Thursday.
The increase came in line with a sharp rise in international bullion rates during the fourth trading session of the week.
According to local market data, the price of gold per 11.66-gram unit increased by Rs9,100.
After the latest rise, the price reached Rs428,736.
The rate of 10 grams of gold also moved higher. It increased by Rs7,802 and settled at Rs367,572.
The latest recovery came after gold prices had declined a day earlier.
On Wednesday, gold had fallen by Rs5,200 and closed at Rs419,636 per 11.66-gram unit.
The fresh increase has again pushed gold close to record-high levels in the local market.
International Gold Rate Rises by $91
The local recovery followed a major jump in the international gold market.
Global gold prices increased by $91 in one day.
After the rise, the international rate settled at $4,063 per ounce.
Market analysts usually link local gold prices with global trends, currency movement, and investor demand.
When international bullion prices rise, domestic rates also move upward.
Gold is often seen as a safe investment during uncertain economic conditions.
Investors turn to the precious metal when inflation, currency pressure, or global market volatility increases.
This trend has kept gold demand strong in many markets.
Silver Prices Also Increase
Silver also recorded a notable increase on Thursday.
The price of silver rose by Rs203 and reached Rs6,445 per 11.66-gram unit.
The increase in silver shows that the broader precious metals market remained strong during the day.
The latest rise in gold and silver may affect buyers, jewellers, and investors.
Higher rates can reduce retail demand in the jewellery market. However, investors may continue to see gold as a hedge against uncertainty.
The sharp rebound also highlights the sensitivity of Pakistan’s bullion market to global price movement.
For now, gold remains one of the most closely watched commodities in the country.
