Gold prices see decline in Pakistan, global markets

Gold prices in Pakistan and internationally see a decline with gold per tola dropping by 600 rupees.

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Gold prices have seen a significant decline in both the domestic and international markets.

In Pakistan, the price of gold per tola has dropped by Rs600, reaching Rs272,600, while the price per 10 grams fell by Rs514 to Rs233,711.

Globally, the price of gold per ounce has decreased by 6 dollars, now standing at 2,614 dollars. This reduction reflects broader trends in the precious metals market, driven by various economic factors.

The price decrease has sparked discussions among investors and traders, as gold continues to be a key asset in times of uncertainty.

On the other hand, the Pakistan Stock Exchange (PSX) experienced a notable surge with the KSE-100 Index rising by 3.51%, closing at 115,258.99—an increase of 3,907.82 points from the previous day's close.

Key highlights for December 28, 2024:

• High: The KSE-100 Index reached a high of 115,422.34 during the trading session, reflecting robust market activity.
• Low: The index dropped to 111,916.70 during early trading but recovered sharply to close higher.
• Volume: The total volume traded reached 520,246,100 shares, indicating active participation by investors.
• Previous Close: The market had closed at 111,351.17 on the prior trading day.
• Value: Total trade value amounted to 27,796,349,118, reflecting strong liquidity in the market.

The strong performance of the KSE-100 Index in 2024 follows a year of steady growth, with notable momentum building from April 2024 onward.