Gold continues upward trend in global, local markets

Gold prices in global and local markets show no signs of stabilising, continuing to reach new heights daily.

On Thursday, in local jewellery markets, the price of 24-carat gold per tola surged by Rs3,700, reaching a new high of Rs278,000 per tola. Similarly, the price of 10-gram gold increased by Rs3,172, climbing to Rs238,340.

The international bullion market witnessed a $37 increase in the price of gold per ounce, bringing the global rate to $2,668 per ounce.

Meanwhile, in the international bullion market witnessed a $37 increase in the price of gold per ounce, bringing the global rate to $2,668 per ounce.

The price of silver also saw an increase, with a Rs200 rise per tola, bringing its new rate to Rs3,450.

Yesterday the local gold market also saw significant price hikes. The price of gold per tola surged by Rs800 , reaching Rs 274,300.

PSX sets new record as KSE-100 index crosses 97,000 points

The Pakistan Stock Exchange (PSX) saw a strong return of bullish activity on Thursday, with the benchmark KSE-100 Index crossing the historic 97,000 mark during intraday trading.

The market opened with a bearish sentiment, and the KSE-100 Index initially dropped by nearly 250 points in the early trading hours.

However, investor sentiment shifted as buying momentum gradually returned, pushing the index to a high of 97,030.19 points. The KSE-100 index gained 1483.74 points in the intra-day trading.

Analysts attributed this rally to easing concerns among investors regarding the political protest scheduled for November 24, which had initially contributed to market uncertainty.

The market's recovery came as a relief to investors, who had been cautious due to the potential impact of the upcoming protest on the country’s political landscape.