Gold rebounds, rupee appreciates

After a decline in the previous trading session, gold prices rebounded on Monday, aligning with an uptick in international gold rates. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola increased by Rs500, reaching Rs282,900. Similarly, the price for 10-gram gold rose by Rs429 to Rs242,541. This follows a Rs200 decrease per tola recorded on Saturday, when prices settled at Rs282,400. On the global front, gold prices also experienced an increase, with the international rate standing at $2,708 per ounce, reflecting a $5 gain during the day, according to APGJSA. Adnan Agar, Director of Interactive Commodities, highlighted recent developments shaping market sentiment. He stated that market reports, including one from The Wall Street Journal, suggest a possible shift in trade relations under Donald Trump's administration.