Gold prices rise in global and local markets

Gold prices have seen a sharp increase in both global and local markets.

In local gold markets on Wednesday, the price of 24-carat gold per tola increased by Rs2,200, bringing it to Rs277,200. The price per 10 grams also rose by Rs1,886, reaching Rs237,654.

In the international bullion market, the price of gold per ounce rose by $22, reaching $2,675.

Despite the increase in gold prices globally and locally, the price of silver per tola remained unchanged at Rs3,050.

Similarly, the price of silver per 10 grams remained stable at Rs2,614.88.

On the other hand, Pakistani rupee has experienced a slight decline against major foreign currencies, with the US dollar (USD) selling at Rs278.15 and buying at Rs277.65.

Meanwhile, the Euro (EUR) was selling at Rs303.02 and buying at Rs302.47,

British pounds (GBP), the rate stood at Rs363.60 for selling and Rs362.94 for buying.

Whereas, Pakistan Stock Exchange is witnessing another upward trend, with the index crossing the 86,000-point mark again today during intra-day trading.

On the third business day of the week, PSX showed positive momentum. Investor interest led to a 609-point increase, pushing the KSE-100 index past the 86,000-point level once more.

The 100 index has now reached 86,449 points.