There has been a significant drop in gold prices in the local and international markets.
Gold price in Pakistan has decreased by Rs 600 to Rs 272,600 per tola, while the price of gold per 10 grams has decreased by Rs 514 to Rs 233,711.
Globally, the price of gold per ounce has decreased by $6, which has now reached $2,614. The decline reflects broader trends in the precious metals market, driven by a variety of economic factors.
The fall in prices has sparked debate among investors and traders, as gold is an important asset in times of uncertainty.
On the other hand, the Pakistan Stock Exchange (PSX) saw a notable rally in the KSE-100 index with a gain of 3.51 percent, to close at 115,258.99 — an increase of 3,907.82 points from the previous day’s close.
Highlights of 28 December 2024:
- High: The KSE-100 index touched an all-time high of 115,422.34 during the trading session, reflecting strong market activity.
- Low: The index fell to 111,916.70 in early trading but recovered sharply to close higher.
- Volume: The total traded volume reached 520,246,100 shares, indicating active participation of investors.
- Previous Close: The market closed at 111,351.17 on the previous trading day.
- Value: The total trade value is 27,796,349,118, indicating strong liquidity in the market.
The strong performance of the KSE-100 index in 2024 follows a year of sustained growth, with notable momentum since April 2024.