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.
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.
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.
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.
