Days of relief end as gold and silver prices spike

Massive hike in Gold price

KARACHI: The gold prices increased by Rs11,000 per tola to Rs488,962. Gold gained nearly 2% globally, supported by a weaker US dollar. Softer oil prices also eased concerns over inflation and the possibility of higher-for-longer interest rates, while market sentiment improved on hopes of a potential US-Iran peace deal. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs11,100 t…

Days of relief end as gold and silver prices spike

KARACHI: After several days of relief for buyers, gold and silver prices in Pakistan rebounded sharply today, reversing the downward trend seen earlier this week. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24‑karat gold per tola jumped by Rs 11,100 to reach Rs 488,962, while 10 grams of 24‑karat gold surged Rs 9,517 to Rs 419,206. The price of 22‑karat gold per 10 grams also climbed to Rs 384,286, reflectin…