At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY
In the international bullion market, gold price rises by $79 per ounce to $4,092. Gold prices increased today in both global and local markets.
Due to the global increase, the local price of gold per tola also rose by Rs7,900, reaching Rs431,562.
Additionally, the price per 10 grams of gold increased by Rs6,773 to Rs369,994.
Read: Gold drops despite rebound in global market
On Tuesday, gold prices fell even as the international market saw a rebound from a one-week low, supported by softer US employment data and expectations of a Federal Reserve rate cut in December.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs7,000 to settle at Rs423,662. Similarly, the rate for 10-gram gold decreased by Rs6,002, closing at Rs363,221.
The decline comes a day after domestic bullion rates remained stable, with the per-tola price standing at Rs430,662.
In the international market, gold recovered after touching a one-week low, trading between $3,997 and $4,080. Adnan Agar, Director at Interactive Commodities, said global prices showed a mild correction following two days of upward movement.
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