Gold prices remain steady at Rs275,200 per tola

Silver prices in the country also remain stable with the rate per tola at Rs3,400

Listen to article

Gold prices in the local markets remained unchanged today, with the rate per tola holding steady at Rs275,200.

In the international bullion market, the price of gold per ounce also remained stable at $2,640, which kept the 24-karat gold rate in local markets steady at Rs275,200 per tola.

Similarly, the price for 10 grams of gold remained unchanged at Rs235,940.

Meanwhile, silver prices in the country also remained stable, with the rate per tola at Rs3,400, and 10 grams of silver priced at Rs2,914.95, without any change.

Previously gold prices in Pakistan fell by Rs1,700 to Rs274,500 per tola on Monday, continuing a recent trend of declines in line with the international market.

On Friday, prices dropped by Rs1,100 to Rs276,200 per tola (11.66 grams), according to the All Pakistan Sarafa Gems and Jewellers Association. In the international market, gold prices fell by $17 to $2,633 per ounce during the same period.

The Pakistan Stock Exchange (PSX) continued its bullish trend on Wednesday, reaching a new all-time high as investor confidence soared.

During intraday trading, the KSE-100 index rose by 735.32 points, hitting a peak of 105,294.39 points, compared to the previous close of 104,559.07 points.

The surge in stock prices has been attributed to growing optimism among investors, driven in part by expectations that the State Bank of Pakistan (SBP) will further reduce the policy rate due to the easing inflationary pressures in the country.