Pakistan's gold price reaches an all-time high.

Pakistan's gold price reaches an all-time high.

the price of the precious metal increased by Rs3,000 per tola to settle at Rs175,500. 

 

Details indicate that the price of the precious metal increased by Rs3,000 per tola to settle at Rs175,500.

 

The price of gold was stated to be $1.800 per ounce in the meantime by the All Sindh Saraf Jewellers Association (ASSJA). Additionally, the cost of 10 grammes of 24-karat gold increased by Rs 1,886, coming within striking distance of another symbolic figure of Rs 150,000. Rs149,948 was the cost of 10 grammes of 24-karat gold.

 

In contrast, the Pakistan Stock Exchange (PSX) lost territory and dropped more than 300 points amid political unrest, causing the index to fall under the 41,000-point threshold. Although the day began well, the market fell inside the first hour of trading. It continued to see selling pressure and hit a day low of 40,814.95 points.

 

The benchmark KSE-100 index dropped 330.66 points, or 0.80%, to finish the day at 40,970.82. Power generation and distribution (-53.5 points), fertiliser (-51.5 points), technology and communication (-51.5 points), exploration and production (-47.1 points), and car assembler were among the sectors that contributed to the performance (-33.7 points).

 

 

 

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