Gold prices rise again locally, internationally

Gold prices have increased once again in both global and local markets today, Express News reported on Tuesday. In the international bullion market, the price of gold per ounce rose by $10, reaching $2662.

Meanwhile, in local jewellery markets, the price of 24k per tola increased by Rs1,000, reaching Rs277,400. The price of gold per 10 grams also saw an increase of Rs858, bringing it to Rs237,826.

On the other hand, Pakistan's stock market surged to a historic high on Tuesday, with the KSE 100 index crossing the 111,000-point mark for the first-time ever.

The market opened with a rally of 1,284 points, pushing the index to a peak of 111,254 points during intra-day trading. This surge follows several weeks of growth, with the KSE 100 index frequently hitting record highs.

Analysts attribute the bullish trend to positive economic indicators, a significant reduction in interest rates under the new monetary policy, improved foreign inflows, and ongoing economic reforms.