Karachi, Pakistan – Web Desk: Gold prices rebounded in both international and local markets on Saturday after a one-day decline, with the precious metal recovering from a dip caused by escalating US-Iran tensions .
International Market Recovery
In the global bullion market, gold gained $11 per ounce** to close at **$4,111—a recovery from Friday’s drop to $4,100 . The rebound follows Thursday’s $36 surge to $4,113, which had reversed consecutive losses .
Local Market Performance
Following international trends, local gold prices jumped by Rs1,100 per tola, bringing 24-karat gold to Rs433,536 . Similarly, 10 grams of gold increased by Rs943 to Rs371,687.
Silver also saw gains:
- Per tola: Up Rs30 → Rs6,462
- Per 10 grams: Up Rs26 → Rs5,540
Analysts note that local gold prices closely track international movements, while the rupee-dollar exchange rate also influences domestic rates .
