Gold prices bounce back in global and local markets

An increase in both global and local gold prices was observed following a significant drop a day earlier. According to reports, the price of gold per ounce increased by $22 in the international bullion market, reaching a new level of $2,763. Meanwhile, gold per tola surged in the local markets by Rs2,300, reaching Rs 288,700. The price of gold per 10 grams also saw an increase of Rs 1,972, reaching Rs247,513. Yesterday, the price of gold per ounce decreased by $26 in the international market and the price per tola of gold decreased by Rs2,700 in local markets. Gold prices were steady on Wednesday as market participants were cautious ahead of the US Federal Reserve's interest rate decision due later in the day, while also pondering the implications of President Donald Trump's trade policies.