
Golf prices in Pakistan Today, Friday, May 16, 2025
Gold prices in Pakistan rose on Friday, mirroring a positive trend in the international market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola (approximately 11.66 grams) increased by Rs900 during the day, reaching Rs336,100.
Similarly, the price of 10 grams of gold climbed by Rs772 to close at Rs288,151.
This increase follows a decrease in gold prices on Thursday, when the price per tola fell by Rs6,700 to Rs335,200.
On the international front, gold also gained value on Friday. The rate rose by $9 to reach $3,177 per ounce, with an additional premium of $20, according to APGJSA data.
Meanwhile, silver prices remained steady, with the rate per tola holding at Rs3,377.
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Express Tribune
12 hours ago
- Express Tribune
Gold soars to Rs359,000 per tola amid international spike
Listen to article Gold prices surged on Saturday, both internationally and in the domestic market, as investors flocked to the precious metal amid mounting global economic uncertainties. According to market data, the price of gold in the international bullion market rose by a staggering $61 per ounce, pushing the rate to an unprecedented $3,363 per ounce. The sharp uptrend reflects growing concerns over a weakening US dollar and fears of a potential global economic slowdown. In response to the international spike, domestic gold prices also recorded a significant increase. In Pakistan, the price of gold jumped by Rs6,100 per tola, reaching Rs359,000. Similarly, the rate for 10 grams climbed by Rs5,229 to settle at Rs307,784. On Friday, the per tola price had briefly dipped by Rs100, settling at Rs352,900 before rebounding sharply by the end of the day. Meanwhile, silver prices also posted gains, with the per tola rate rising by Rs53 to close at Rs3,953.


Business Recorder
14 hours ago
- Business Recorder
Gold price per tola gains Rs6,100 in Pakistan
Gold prices in Pakistan increased on Saturday in line with their gain in the international market. In the local market, the gold price per tola reached Rs359,000 after an increase of Rs6,100 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs307,784 after it gained Rs5,229. On Friday, the gold price per tola reached Rs352,900 after a loss of Rs100 during the day. The international rate of gold increased today. As per APGJSA, the rate was at $3,363 per ounce (with a premium of $20), a gain of $61. Meanwhile, the silver price per tola stood at Rs3,953, accumulating Rs53 during the day.


Express Tribune
a day ago
- Express Tribune
PSX soars to record high above 141k
Listen to article The Pakistan Stock Exchange closed the week on a strong note on Friday as the KSE-100 index surged 1.18% to reach an all-time high of 141,035 points. The bullish momentum was driven by investor optimism following a landmark reciprocal tariff deal with the United States, under which Pakistan's exports would face a reduced 19% tariff, down from the earlier 29%. The index also drew strength from expectations of a major circular debt clearance package, with the government reportedly seeking Rs1.25 trillion in bank financing to make upcoming payments. Heavyweights such as Oil and Gas Development Company (OGDC, +9.73%), Pakistan Petroleum Limited (PPL, +7.05%), Hub Power (+4.71%) and Pakistan State Oil (PSO) led the rally, contributing a combined 1,355 points to the index. Traded volume rose to 609.7 million shares, with a total value of Rs50.6 billion, reflecting strong investor participation. 'Stocks closed at a new all-time high as investors weighed 4.1% year-on-year (YoY) inflation for July 2025,' said Ahsan Mehanti, Managing Director of Arif Habib Corp. The likely resolution of circular debt crisis amid government's approval of a Rs1.275 trillion financial restructuring plan, the US tariff deal at 19%, giving an edge over regional peers, and a reduction in fuel prices played the role of catalysts in bullish activity at the PSX, he said. At the end of trading, the benchmark KSE-100 index posted a surge of 1,644.56 points, or 1.18%, and settled at 141,034.99. Arif Habib Limited (AHL) remarked that the market witnessed a 140.5k weekly draw after briefly dipping into the 138.6k-139.4k support zone. A total of 60 stocks advanced while 39 dropped, with OGDC (+9.73%), PPL (+7.05%) and Hubco (+4.71%) driving the index gains. On the downside, Systems Limited (-2.81%), Engro Holdings (-1.07%) and Service Industries (-5.64%) were the major drags. The index posted a weekly gain of 1.3%. July's Consumer Price Index (CPI) rose to 4.1% YoY, up from 3.2% in June. In corporate developments, NexGen Auto, a Nishat Group unit, announced plans to set up a $100 million electric vehicle plant in partnership with China's Chery Automobile, with production expected to begin in October, AHL mentioned. 'Bulls dominated the trading session as the KSE-100 increased 1.18% to close at its highest-ever level at 141,035,' Topline Securities said in its review. The positivity could be attributed to news that Pakistan secured a landmark tariff deal with the US, wherein Islamabad would now face reciprocal tariffs of 19% compared to the earlier rate of 29%, it said. Apart from that, Topline added, the government would make payments to clear circular debt in the coming weeks by obtaining Rs1.25 trillion from banks, which would provide stimulus to the market. Muhammad Hasan Ather of JS Global wrote that the KSE-100 rallied as it surged 1,645 points by the close of trading. Investor sentiment soared following the US decision to impose a reduced 19% reciprocal tariff on Pakistani goods. Key sectors – cement, banks, fertiliser and energy – drove the rally, with heavyweights like Mari Petroleum and OGDC trading strongly. Looking ahead, if macroeconomic and trade conditions continue to improve, the PSX may sustain its bullish momentum in the near term, Ather said. Overall trading volumes were recorded at 609.7 million shares, compared with the previous day's tally of 577.3 million. Shares of 483 companies were traded. Of these, 199 stocks closed higher, 246 fell and 38 remained unchanged. WorldCall Telecom was the volume leader with trading in 55.1 million shares, remaining unchanged at Rs1.46. It was followed by PPL with 43 million shares, gaining Rs11.97 to close at Rs181.78 and OGDC with 37 million shares, gaining Rs22.66 to close at Rs255.67. Foreign investors sold shares worth a net Rs613.6 million, the National Clearing Company reported.