The price of 24-karat gold experienced a decline in the local market today, falling by Rs.500 per tola, now standing at Rs.283,200.
This is compared to the previous trading price of Rs.283,700, according to the All Sindh Sarafa Jewellers Association.
The price of 10 grams of 24-karat gold also decreased by Rs.429, settling at Rs.242,798, down from Rs.243,227. Similarly, the price of 10-gram 22-karat gold dropped to Rs.222,565, down from Rs.222,958.
In contrast to gold, silver prices remained stable. The price of per tola silver remained unchanged at Rs.3,430, while the price of 10 grams of silver was recorded at Rs.2,940.67.
Despite a drop in global gold prices, which fell by $5 per ounce to $2,736, local markets showed stability in silver prices. The local price adjustments in gold mirrored the global trend, but silver remained unaffected by international market movements.
Meanwhile, on the Pakistan Stock Exchange (PSX), the market showed a modest rise. The benchmark KSE-100 index increased by 230.60 points or 0.25%, closing at 92,168.60. The index had peaked at 92,514.30 during intra-day trading but later dipped to a low of 91,536.09. A total of 244,630,758 shares were exchanged, with a total value of Rs.19.3 billion in shares traded.
The stock market’s positive movement came after a previous close of 91,938.00, reflecting a slight but steady increase in investor confidence.
