KARACHI: The gold price per tola drops by Rs1000 in Pakistan on Friday, following a decrease in the international market, bringing it up to Rs274,700.
According to the All Pakistan Gems and Jewelers Association (APGJSA), the price of 10 grams of gold also decreased by Rs857; it is now sold at Rs235,511.
The international rate of gold increased on Friday. As per APGJSA, the rate was at $2,661 per ounce (with a premium of $20) after it gained $21 during the day.
The Association reported a $10 decline in the international gold price, dropping from $2,645 to $2,635.
Separately, the Pakistan Stock Exchange (PSX) persisted with buying on Friday with the KSE-100 Index hitting and crossing the mark of 109,000 for the first time in its history after a nearly 800 points gain during intra-day trading.
At the midday session break at 12pm, the benchmark index stood at 109,037.98, up by 799.02 points or 0.74 per cent.
The buying was seen in notable sectors such as automobile assemblers, commercial banks, fertilizer, OMCs, and oil and gas exploration companies. Index-heavy stocks that traded in green included PPL, MARI, SSGC, SNGP, MCB, NBP, UBL, and DFML.
