Gold prices have continued to drop in both international and local markets.
In the global bullion market, the price of gold per ounce has decreased by $7, now standing at $2,632.
In the local market, the cost of gold per tola has fallen by Rs 700, reaching Rs 275,000, while the price for 10 grams has decreased by Rs 600, now at Rs 235,768.
A similar trend occurred on Saturday, with international gold prices dropping by $18 per ounce, settling at $2,639. Locally, 24-carat gold saw a decline of Rs 1,200 per tola, reaching Rs 275,700. The cost of 10 grams fell by Rs 1,029, now priced at Rs 236,368.
Meanwhile, the Pakistan Stock Exchange (PSX) began the trading week with a significant increase, pushing the KSE-100 index to an all-time high of 118,735.09 points during intra-day trading. However, the market experienced a slight dip, with the index falling to 116,300.17 points.
By noon, the KSE-100 index was down by 896.05 points, or 0.76%, at 116,745.03 points.
Despite the pullback, trading remained robust, with 134.7 million shares changing hands and a turnover value of around PKR 9.74 billion. The PSX closed at 117,586.98 points, reflecting a modest decline in the current session.
