Gold rebounds Rs24,000/tola

Gold prices in Pakistan rebounded sharply on Tuesday, tracking a strong recovery in the international bullion market after several sessions of steep losses that had rattled investors and traders. In the local market, the price of gold per tola surged by Rs24,000 to settle at Rs514,362, according to rates released by the All-Pakistan Gems and Jewellers Sarafa Association. Similarly, the price of 10-gram gold rose by Rs20,576 to Rs440,982. The sharp rebound came a day after gold had suffered a significant decline. On Monday, gold per tola had fallen by Rs21,500 to close at Rs490,362. Overall, the yellow metal had lost a cumulative Rs85,500 per tola over the previous three sessions, reflecting heightened volatility in global markets.