Gold prices rise locally, globally for second consecutive day

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Gold prices in both the global and local markets have seen a significant increase today, marking the second consecutive day of price hikes.

In the local bullion markets, the price of 24-carat gold per tola increased by Rs 3,600, reaching Rs 273,500. The price of gold per 10 grams also saw a rise of Rs 3,086, reaching Rs 234,482.

Meanwhile, in the international bullion market, the price of gold per ounce rose by $36, reaching $2,623.

Despite the sharp rise in gold prices, the price of silver remained unchanged. The price of silver per tola remained steady at Rs 3,250, and the price of silver per 10 grams also stayed the same at Rs 2,786.

It is noteworthy that yesterday, gold prices in the international market also rose by $25 per ounce, while locally, the price of gold per tola increased by Rs 2,500, and the price of 10 grams rose by Rs 2,144.

The Pakistan Stock Exchange (PSX) opened on a high note on Tuesday, as the benchmark KSE-100 Index saw an uptick of 844.22 points, or a 0.89% rise, with a current index at 95,839.89 in intra-day trading.

At 12:20 pm, the benchmark KSE-100 index rose by 844.22 points, or 0.89%, reaching 95,839.89 points, up from the previous close of 94,995.67 points.

The trading session reflected moderate optimism, with a volume of 66,436,230 shares changing hands, and a total value of Rs4.00 billion recorded.