Gold prices rise following a two-day decline.

Gold prices rose today in both local and foreign markets following two days of declines.

The price of gold rose $37 per ounce on Thursday in the global bullion market, making $4,007 per ounce the new global rate.

Local gold markets in Pakistan also saw a significant increase in value, following the worldwide trend. At a new high of Rs423,062 per tola, the price of 24-karat gold jumped by Rs3,700 per tola. The price of 10 grammes of gold increased by Rs3,122 as well, reaching Rs362,707.

Additionally, the price of silver increased, rising by Rs90 per tola to Rs5,112 per tola. At Rs4,382, the price of 10 grammes of silver has increased by Rs77.

Market analysts blamed shifting investor sentiment and global market swings for the increase in gold prices.

It is important to remember that gold prices rose today after declining for the previous two days.