Gold prices dip continue in both global and local markets

Gold prices fall for second day in a row, dropping by $8 per ounce internationally and Rs800 per tola in local markets

Gold prices have recorded a decline for the second consecutive day in global and local markets.

In the international bullion market the price of gold per ounce fell by $8 to reach $2,726.

Meanwhile, in local gold markets, the price of 24-karat gold per tola decreased by Rs800 to Rs282,300.

The price for 10 grams also dropped by Rs686 to Rs24,2027.

In contrast to the decline in gold prices, the price of silver per tola remained stable at Rs3,350.

The price for 10 grams of silver also remained unchanged at Rs2,872.08.

On the other hand, The Pakistan Stock Exchange (PSX) achieved a historic milestone Friday as the KSE-100 index breached the 90,000-point threshold in intra-day trading.

The index reached 90,087.41 points at 10 am, marking a 1,109.73-point gain, or 1.25%, from the prior close of 88,945.98.

Continuing its bullish momentum throughout the week, the index surpassed the 89,000 mark in Thursday’s session, underscoring sustained market optimism.

Investor sentiment surged due to positive economic reforms and government initiatives, with 62,341,937 shares traded, reflecting strong market participation.

The value of shares traded reached Rs5,057,954,342.