KARACHI: Gold prices in Pakistan have risen by Rs2,000 per tola, aligning with the upward trend in international markets after two days of decline.
The increase reflects global price shifts impacting the local market.
According to the All Pakistan Gems and Jewelers Association, the price of gold per tola across the country increased by Rs2,000, reaching Rs278800.
The association said that 10 gramme of gold became more than Rs239000 after an increase of Rs1715.
On the other hand, the price of gold in the world market increased by 21 dollars to 2683 dollars per ounce.
Separately, The Pakistan Stock Exchange (PSX) continued its positive momentum, surpassing the 93,000-point milestone on the KSE-100 Index for the first time in history during intra-day trading on Friday.
At noon, the benchmark index stood at 93,140.05, reflecting an increase of 619.57 points, or 0.67 per cent.
This landmark achievement occurred on the last business day of the week, setting a new record for the country’s stock market.
Index-heavy stocks, including HUBCO, SSGC, OGDC, PPL, and NBP, all traded in the green.
The session opened on a high note, with the KSE-100 index initially gaining 250 points.
The market had closed the previous day at 92,520 points.
