Pakistani Gold Prices Rebound Briefly, Then Decline Again

Gold prices in Pakistan have declined by Rs600 per tola and Rs515 for 10-gram gold, reversing gains made the previous day. The current price of 24-karat gold is now at Rs462,336 per tola and Rs396,378 for 10 grams.

The decline comes after a one-day rebound on Wednesday, when gold prices rose by Rs800 per tola. This increase partly recovered losses recorded during the previous two sessions, where gold had fallen by Rs2,400 per tola and another Rs1,000 per tola.

International gold prices were also under pressure due to a stronger US dollar and higher Treasury yields, which reduced demand for non-yielding assets. Spot gold fell 0.4% to around $4,385.40 an ounce, while US gold futures dropped 0.7% to $4,427.80.