Gold prices decline in local, international markets

Gold prices declined in both global and local markets on Wednesday.

In the local bullion markets, the price of 24-carat gold per tola decreased by Rs 1,000, settling at Rs282,200 per tola.

The price of gold per 10 grams also fell by Rs857, reaching Rs241,941.

Yesterday the price of 24-karat gold has dropped by Rs500 per tola, standing at Rs283,200

Meanwhile, in the international bullion market, the price of gold per ounce dropped by $10, bringing the new global price to $2,727.

Bitcoin reached a new all-time high of $75,000 overnight, fueled by growing speculation that former President Donald Trump was gaining momentum in the U.S. election.

As election results trickled in, the cryptocurrency surged by 7%, reaching $74,392 after briefly hitting its previous record of $73,797.68 in March.

Coinbase and MicroStrategy also saw gains, rising by 3% and 4%, respectively, as investors anticipated heightened volatility in the markets until a clear winner emerges