ISLAMABAD – Gold prices in Pakistan increased for second consecutive day on Tuesday amid rising international rates.
According to Sarafa Association, the price of per tola gold moved up by whooping Rs3,600 to settle at Rs273,500 whereas the price of 10-gram increased by Rs3,086 to reach Rs234,482.
In international market, the price of the precious commodity also registered gains as per ounce price surged by $36 to settle at $2,623.
Meanwhile, silver prices in Pakistan remained unchanged at Rs3,250 per tola and Rs2,786 per 10-gram in local market.
On Monday, per tola gold price moved up by Rs2,500 to settle at Rs269,900 whereas the price of 10-gram surged by Rs2,144 to reach Rs231,396.
On the other hand, the Pakistan Stock Exchange continues to witness bullish trend on Tuesday. The benchmark KSE-100 index has gained 900 points during intraday trading to reach 95,895 points.
Investor enthusiasm has been primarily driven by recent satisfactory talks with the International Monetary Fund (IMF), cut in policy rate and positive economic indicators.
In recent weeks, there has been a strong upward trend in the Pakistan Stock Exchange (PSX), during which new records for trading have been set.
On the other hand, improvements in macroeconomic indicators have been observed under IMF programme. A Pakistan-based research houses have forecasted that the PSX will offer returns ranging from 27% to 37% on investments in its stocks. As a result, the benchmark “KSE 100” is expected to reach new heights between 120,000 and 127,000 by December 2025.
