Price of gold rises marginally in local market

Gold price rises by Rs200 to Rs275,700 in local markets, following a $3 increase in international rates.

In local gold markets, the price of 24-carat gold per tola has increased by Rs200, reaching Rs275,700.

While the price of gold per 10 grams has also risen by Rs171, reaching Rs236,368.

In the international bullion market, the price of gold per ounce has risen by $3 to reach $2,656.

In contrast, the price of silver per tola has remained stable at Rs 3,050.

The price of silver per 10 grams has also remained unchanged at Rs2,614.88.

Earlier, today, in the most recent foreign exchange update from the National Bank of Pakistan (NBP), the Pakistani Rupee has depreciated against several major currencies, reflecting trends in international financial markets.

As of Monday, the buying rate for the US Dollar (USD) was Rs 278.50, with a selling rate of Rs 279.75.

The British Pound (GBP) had a buying rate of Rs 362.30 and a selling rate of Rs 365.90.

Meanwhile, the Euro (EUR) saw a buying rate of Rs 302.60 and a selling rate of Rs 305.60.

On the other hand, Pakistan Stock Exchange (PSX) kicked off the trading week on a high note, with the KSE-100 index soaring past the historic milestone of 84,000 points for the first time.

On Monday, the market opened strong, gaining 197 points and elevating the KSE-100 index to 83,729 points, according to Express News.