Pakistan’s gold prices decline

Ten grammes of 24 carat gold cost Rs. 3,021 less than before, at Rs. 213,220 instead of Rs. 216,221; ten grammes of 22 carat gold cost Rs. 195,452 instead of Rs. 198,202, according to the All Sindh Sarafa Jewellers Association.

While the price of ten grammes of silver dropped by Rs. 27.86 to Rs. 2,357.68, the price of a tola of silver reduced by Rs. 30 to Rs. 2,750.

The Association reports that the price of gold dropped by $30 to $2,381 on the global market from $2,411.

However, throughout the history of the nation’s financial system, the Pakistan Stock Exchange (PSX) broke a record.

When the PSX finally broke through the historic 71,500 point barrier, investors celebrated, signalling a critical turning point in the state of the country’s economy.

As the KSE-100 index soared by more than 740 points and reached a record high of 71,650 points, the confidence and resiliency that characterise the Pakistani financial market were evident.

This outstanding accomplishment shows that investors are confident in the nation’s economic future and points to strong growth possibilities going forward.

On Friday, the Pakistan Stock Exchange’s (PSX) KSE-100 index dropped 60.92 points, or 0.09 percent, to end the day at 70,483.66 points.