The price of gold traded at $2,611.72 per troy ounce, as of 9 a.m. ET. That’s down 0.91% from yesterday’s gold price per ounce and up 26.39% since the beginning of the year.

KARACHI: The international uptrend drove the local gold prices to a sizeable recovery on Friday, as bullion value went past $2,550 per ounce, traders said. The recovery helped the market reflect a positive trend, recording some gains by Rs1,300 and Rs1,115, reaching Rs267,700 per tola and Rs229,510 per 10 grams, respectively.

For investors who thought gold's price surge would continue unabated, however, November has proven otherwise. The price of the precious metal has dropped this month from record hi

The impressive year-to-date rally in gold has seen a temporary dip following the recent US election results, according to a World Gold Council report.A mix of stronger bond yields, a rising US dollar,