KARACHI – Gold rates in Pakistan continued to register gains on Thursday amid upward trend in the international market.
According to Sarafa Association, per tola gold price increased by Rs2,300, settling at Rs282,800, whereas the price of 10-gram surged by Rs1,971 to reach Rs242,455.
The precious yellow metal also witnessed significant gains in international market as per ounce price of gold moved up by $23 to settle at $2,716.
Meanwhile, silver prices remained stagnant in local market of Pakistan as it was traded at Rs3,450 per tola without any change.
A day earlier, 24kt gold climbed by Rs.3,100 per tola, reaching Rs280,500. while price of 10 grams of 24kt gold Rs.2,658, bringing it to Rs. 240,484.
These price increases are attributed to ongoing fluctuations in the international markets, which are affecting both gold and silver rates globally.
On the other hand, the Pakistan Stock Exchange (PSX) witnessed massive gains during intraday trading on Thursday as it crossed another milestone.
The KSE-100 index registered gains of 2,671.69 points during intraday trading to reach all-time high of 113,481.90 as compared to previous close of 110,810.21 points. It is all-time high level recorded by PSX in the history of Pakistan.
The development comes as traders are expecting a significant cut in policy rate in upcoming review due to decline in inflation rate in the country.
