KARACHI: Gold prices in Pakistan decreased by Rs5,000 per tola on Friday, reaching Rs277,800 per tola, as international rates decreased.
Similarly, 10-gram gold was sold at Rs277,800 after it recorded an increase of Rs4,286, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).
The international rate of gold decreased on Friday. As per APGJSA, the rate was at $2,666 per ounce (with a premium of $20) after it fell $50 during the day.
Silver prices also decreased by Rs50, reaching Rs3,400 per tola.
Separately, The Pakistan stock market continued its unprecedented bullish trend on Friday, crossing the 115,000 points mark for the first time in history.
On the opening of the last business day of the week, the PSX benchmark KSE-100 Index continued yesterday’s rally and surged by 991.94 points, or 0.87 per cent, to reach an intraday high of 115,172.44.
The experts say that a decline in inflation, a surge in remittance inflows, and ongoing government reforms have further strengthened market sentiment.
