Gold prices hold steady in global and local markets
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Gold prices remained unchanged today in both the international and local markets, maintaining stability amid broader economic uncertainties.
In the international bullion market, the price of gold held steady at $3,338 per ounce, showing no fluctuation from the previous day.
Reflecting this global stability, gold prices in Pakistan also remained unchanged.
According to the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola stood firm at Rs352,000, while the rate for 10 grams held at Rs301,783.
Yesterday, the price of gold per tola fell Rs11,700 to Rs352,000.
Meanwhile, the Pakistan Stock Exchange (PSX) witnessed a steep decline at the start of trading today, as the KSE-100 index plunged by 2,485 points early in the session, dropping to 114,740 points.
As the day progressed, the market showed signs of slight recovery, narrowing the loss to 1196 points. By midday, the current index was at 116,030.02 points.
This sharp dip comes amid ongoing volatility in recent trading sessions. While the market had previously touched an all-time high, crossing the 120,000 mark earlier this year, sentiment has since turned bearish, with declines recorded for consecutive days, including yesterday.
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