Gold prices have declined in both international and local markets. In the global bullion market, the price of gold per ounce dropped by $9, setting the new rate at $2,739.
In local jewelry markets, the price of 24-carat gold per tola fell by Rs900, bringing the new price down to Rs283,400. Similarly, the price of gold per 10 grams decreased by Rs771, now standing at Rs242,970.
Previously, the price of 24-carat gold per tola had risen by Rs2,000, reaching Rs284,300 in local markets. Likewise, the rate for 10-gram gold saw an increase of Rs1,714, pushing it to Rs243,741.
This earlier rise came after a $22 jump in the international bullion market, where gold hit $2,748 per ounce, affecting local rates.
Meanwhile, the Pakistan Stock Exchange (PSX) continues to exhibit strong upward momentum, with the KSE-100 index reaching a new all-time high of 90,871 points during intra-day trading.
The positive trend from the previous week extended into the start of this week, as the index surged by 646 points at the opening, climbing to 90,640 points.
The upward trajectory persisted, allowing the index to peak at 90,871 points, resulting in a total gain of 877 points.
The PSX had previously seen significant gains, surpassing the 89,000-point mark and achieving the new milestone of 90,000 points.
