KARACHI – Gold prices made a notable recovery in the domestic market on Saturday following declines in the previous two sessions.
Read more: PSX-100 Index Reaches Historic Milestone, Surpasses 90,000 Points for the First Time
Key Highlights:
- Gold Price Increase: According to data from the All Pakistan Gems and Jewellers Association, the price of gold per tola increased by Rs2,000, bringing it to Rs284,300. The price for 10 grams of gold rose by Rs714, reaching Rs243,741.
- International Market Trends: In the international market, gold also experienced a bullish trend, with the price per ounce rising by $22 to settle at $2,748.
- Silver Prices: The price of silver remained unchanged, with per tola silver priced at Rs3,350 and 10 grams at Rs2,872.08.
- Recent Fluctuations: Just a day prior, the price of gold had dropped significantly, with per tola gold falling by Rs800 to Rs282,300, and the price for 10 grams decreasing by Rs682 to Rs242,031.
- Stock Market Performance: Additionally, the Pakistan Stock Exchange reached a historic milestone on Friday, surpassing the 90,000 points barrier for the first time.
The resurgence in gold prices reflects a broader trend in the international market, contributing positively to investor sentiment, while the stock market’s record performance indicates growing confidence in the country’s economic outlook.
