In the international bullion market, gold prices fell by $8, bringing the cost per ounce down to $2,726.
Meanwhile, in the local gold markets, the price of 24-karat gold per tola dropped by Rs800, settling at Rs282,300. The rate for 10 grams of gold also saw a decrease, falling by Rs686 to Rs242,027.
In contrast to gold’s decline, silver prices remained stable. The price per tola of silver held steady at Rs3,350, while the rate for 10 grams was unchanged at Rs2,872.08.
On a different note, the Pakistan Stock Exchange (PSX) reached a historic high on Friday, as the KSE-100 index surpassed the 90,000-point mark during intra-day trading.
The index climbed to 90,087.41 points by 10 am, gaining 1,109.73 points, or 1.25%, from the previous closing level of 88,945.98.
This rally followed a week of bullish momentum, with the index crossing the 89,000 threshold during Thursday’s session, reflecting ongoing market optimism.
Investor confidence surged on the back of positive economic reforms and government measures, with trading activity amounting to 62,341,937 shares and a total value of Rs5,057,954,342.
