Gold prices witness nominal gain

KARACHI: Gold prices rebounded on Tuesday following a two day decline, with a modest uptick of Rs300 per tola. This brings the price to Rs215,100 per tola.

Similarly, ten-gram gold also experienced a rise of Rs257, now priced at Rs184,413.

Meanwhile in the international market, gold is valued at $2028 per ounce. In Pakistan, an additional premium price of $20 raised the gold price to $2048 per ounce.

Read more: Gold prices increases by Rs800 in Pakistan

This increase contrasts with recent decreases attributed to international market trends. On Monday, gold prices fell by Rs1,200 per tola, reaching Rs214,800. Internationally, it dipped by $11 to $2,028 per ounce. Meanwhile, a dip in the international gold market saw a decrease of Rs1700 per tola within Pakistan.

Fluctuations in gold prices is closely linked to global events and the performance of the dollar in international markets.