PSX closes with recovery after a volatile day; gold prices increase, again

The Pakistan Stock Exchange (PSX) ended Wednesday on a mixed note after a day marked by heavy volatility. The benchmark KSE-100 Index closed up 809 points at 151,207, recovering from an intraday drop of over 2,600 points.

Active trading was seen across key sectors including oil and gas, fertilizer, cement, and power generation, as investors navigated uncertain market conditions.

Meanwhile, gold prices have surged once again after a brief period of stability. Following an $11 per ounce increase in the global market, gold now trades at $4,687 per ounce.

Locally, according to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold rose by Rs 1,100 per tola, reaching Rs 491,462 per tola, while 10 grams of gold increased by Rs 943 to Rs 421,349. In contrast, silver saw a minor decline, dropping Rs 50 per tola to Rs 7,744.

The combined movement in equities and precious metals reflects ongoing market sensitivity to global trends and local economic factors. Analysts say investors are closely monitoring commodity prices and sectoral performance to gauge market direction in the weeks ahead.