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Gold Prices Surge
PhotoNews Pakistan > Business > Gold Prices Surge in Local and International Markets
Business

Gold Prices Surge in Local and International Markets

Web Desk
By Web Desk Published October 16, 2024 1 Min Read
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Gold hits record high on global trends. Photo Credits: Business Standard
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Gold prices have surged significantly in both global and local markets.

On Wednesday, the local market saw the price of 24-carat gold per tola rise by Rs2,200, reaching Rs277,200. Additionally, the price for 10 grams increased by Rs1,886, totalling Rs237,654.

After declining in the previous session, gold prices in Pakistan surged on Wednesday in line with their increase in international rates. In the local market, the price of gold per tola increased by Rs2,200, clocking in at Rs277,200, which is the latest record high in Pakistan.… pic.twitter.com/iWZToq7Lt9

— Business Recorder (@brecordernews) October 16, 2024

Internationally, gold prices also climbed, with the price per ounce increasing by $22 to settle at $2,675.

Despite these hikes, the price of silver per tola in the local market held steady at Rs3,050, and the price per 10 grams also remained unchanged at Rs2,614.88.

New Post: Gold Prices in Pakistan Today – Wednesday 16 October 2024 https://t.co/zueI52A8MK pic.twitter.com/sSr4N0mVRN

— The Wallet (@thewalletpk) October 16, 2024

Concurrently, the Pakistani rupee has slightly depreciated against major foreign currencies. The US dollar currently trades at Rs278.15 for selling and Rs277.65 for buying. The Euro is at Rs303.02 for selling and Rs302.47 for buying, while the British pound stands at Rs363.60 for selling and Rs362.94 for buying.

Meanwhile, the Pakistan Stock Exchange (PSX) is experiencing an uptrend, with the index surpassing the 86,000-point threshold again today during intra-day trading.

𝐏𝐀𝐊𝐈𝐒𝐓𝐀𝐍 𝐒𝐓𝐎𝐂𝐊 𝐄𝐗𝐂𝐇𝐀𝐍𝐆𝐄 | 𝐊𝐒𝐄𝟏𝟎𝟎 | 𝐂𝐋𝐎𝐒𝐈𝐍𝐆 𝐌𝐀𝐑𝐊𝐄𝐓 𝐔𝐏𝐃𝐀𝐓𝐄 | 𝟏𝟔𝐭𝐡 𝐎𝐜𝐭, 𝟐𝟎𝟐𝟒

On the third trading day of the week, the Pakistan Stock Exchange (PSX) experienced a notable surge. This rally was fueled by strong buying in the… pic.twitter.com/eWS5GC42mr

— EK Global Capital (@EkGlobalCapital) October 16, 2024

The PSX displayed robust activity on the third business day of the week. A 609-point surge, driven by strong investor interest, pushed the KSE-100 index above the 86,000 mark, reaching 86,449 points.

TAGGED:FeaturedPak­istan
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