KARACHI: Gold prices in Pakistan rebounded on Tuesday, following a decline in the previous two sessions.

The price of gold per tola increased by Rs700, reaching Rs275,200, while the price of 10 grams rose by Rs600 to Rs235,940, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This increase came in line with the rise in international gold prices, which saw an uptick of $7, bringing the global price to $2,640 per ounce (with a premium of $20). On Monday, the price of gold had dropped by Rs1,700 per tola in the local market, reflecting the volatility in gold prices in response to global market trends.Meanwhile, silver prices in Pakistan remained unchanged at Rs3,400 per tola. Globally, gold prices rose due to increasing expectations of a possible US interest rate cut in the coming month. Market attention is now turning to upcoming economic data, which is expected to provide further insights into the potential for rate adjustments and their impact on gold prices.