Gold prices have experienced a notable decline in both local and global markets. In Pakistan, the price of gold per tola dropped by Rs600, settling at Rs272,600, while the price per 10 grams fell by Rs514 to reach Rs233,711. Internationally, gold prices decreased by $6 per ounce, now standing at $2,614.
This decline aligns with broader trends in the precious metals market, influenced by various economic factors.
The drop in gold prices has sparked discussions among investors and traders, as gold remains a crucial asset during uncertain times.
Meanwhile, the Pakistan Stock Exchange (PSX) witnessed a remarkable surge, with the KSE-100 Index climbing 3.51% to close at 115,258.99—a gain of 3,907.82 points compared to the previous day’s close.
Key highlights for December 28, 2024, include:
- High: The KSE-100 Index peaked at 115,422.34 during the session, demonstrating strong market activity.
- Low: The index dipped to 111,916.70 in early trading but rebounded significantly by the close.
- Volume: Total trading volume reached 520,246,100 shares, showing active investor participation.
- Previous Close: The market ended at 111,351.17 on the prior trading day.
- Value: Total trade value stood at Rs27,796,349,118, reflecting strong liquidity in the market.
The KSE-100 Index’s impressive performance in 2024 marks continued growth, with momentum building steadily since April 2024.
