Gold prices saw a significant increase both in the global and local markets. In the international bullion market, the price of gold per ounce rose by $13, reaching $2,565.
Meanwhile, in Karachi, local gold prices also experienced a notable surge.
The price of gold per tola increased by Rs1,300, reaching Rs267,700, while the price per 10 grams rose by Rs1,115, reaching Rs229,510.
Traders noted that the global rise in gold prices contributed to the upward trend in the domestic market.
On the other hand, The Pakistan Stock Exchange (PSX) saw a strong bullish trend on Friday, with the benchmark KSE-100 index rising by over 700 points in intraday trading, setting a new record.
On the final trading day of the week, the market opened with a significant surge of 768 points, pushing the KSE-100 index near to the 95,000-point mark.
The index has seen a high of 94,982.28 and a low of 94,431.18 during the intra day session, showcasing a steady upward movement.
The KSE-100 index is currently up by 0.82%, and with the value of trades reaching approximately 9.77 billion rupees, market participation remains strong.
The trading volume has reached 127,962,315 shares so far.
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