ISLAMABAD (Daily Point) — Following a consistent two-day decline in gold prices, a substantial upswing occurred today, marking a notable departure from the recent downward trend.

This sudden surge suggests a rapid and significant shift in the market dynamics, potentially influenced by various factors such as global trends, economic indicators, or shifts in investor sentiment.

The All Pakistan Gem Merchants and Jewelers Association reports a noteworthy increase of 5,700 rupees per tola (11.66 grams) in the price of gold within the country. This surge brings the price of gold per tola to 218,300 rupees, representing a significant jump. Similarly, the price of 10 grams of gold has risen by 4,887 rupees, reaching a new price of 187,157 rupees.

Conversely, the global market price of gold has seen an increase of $54, reaching $2032 per ounce. This latest development underscores the dynamic nature of the gold market and emphasizes the impact of various factors on pricing, both at the national and international levels.