Gold prices in Pakistan rebound after five-day decline

After five straight days of decline, 24-carat gold climbed Rs1,400 to Rs423,436 a tola on Monday, with 10-gram and 22-carat rates also higher.

24-carat gold rose Rs1,400 per tola on Monday to Rs423,436 after five straight days of falls.

Per 10 grams, 24-carat gold rose Rs1,201 to Rs363,028; 22-carat rose Rs1,101 to Rs332,787.

International gold gained $14 to $4,009 an ounce; silver also rose in the local market.

The jewellers’ association linked the move to global bullion gains and factors such as the dollar, oil and local demand.

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