Gold price surges by Rs1,600 per tola

WEB DESK: Gold prices in Pakistan have surged significantly, with the tola price witnessing a rise of Rs1,600 in the local market.

This increase propelled the gold price to Rs230,200 in the domestic market, reflecting the dynamic nature of the precious metal’s valuation.

Simultaneously, the cost of 10 grammes of 22-karat gold also followed an upward trajectory, reaching Rs180,913, indicative of the overall bullish trend in the gold market.

In financial news, the Pakistan Stock Exchange (PSX) witnessed a week of positive trends and notable growth in business activities following the recent general elections.

As the business week concluded, the KSE-100 index stood at 65,793 points, marking a gain of 468 points, or 0.70 per cent.

Throughout the week, the KSE-100 index reached its pinnacle at an impressive 66,150 points, showcasing the confidence of investors in the market.

Despite this peak, the index experienced fluctuations, touching its lowest point at 65,187.

Such variations are inherent in the stock market, prompting investors to vigilantly monitor market dynamics and make well-informed decisions.