Karachi: Today, as of 09 November, 2024, the prices of gold remained stable in both global and local markets.
In the international gold market, the price of gold per ounce remained unchanged at $2683.
Yesterday in the local gold markets, the price of 24K gold per tola rose by Rs 2,000, reaching a new level of Rs 278,800.
The price of 24-carat gold per tola in regional jewelry markets stayed constant at Rs 278,800 on the home front as well. In a same vein, the price of 10 grams of gold stayed at Rs 239,026.
Likewise there was no change in the price of silver in the country; it was still Rs 3,300 a tola and Rs 2,829.21 per 10 grams.
Also read: Tracking Gold Prices in Pakistan on November 9, 2024
After the lead of declining local loan rates and increasing global stocks, the Pakistan Stock Exchange (PSX) on Friday surged beyond the 93,000-point mark for the first time ever.
Increasing Pakistan’s weight in the MSCI Frontier Market Small Cap Index was another significant catalyst that would draw in foreign investment.
Before the midday break, the day started off on a positive note, as the KSE-100 index quickly rose to the intra-day high of 93,514.56.
Growing optimism about Pakistan’s economic prospects, especially as a result of continuing reforms and ratings upgrades, was mirrored in the market’s exceptional performance. These elements increased investor confidence and propelled the market to all-time highs.
