Gold prices see major increase in Pakistan

On Thursday, the price of 24 karat gold increased by Rs1,400, selling at Rs274,000 per tola, up from Rs272,600 the previous day.

The 10-gram 24 karat gold price also rose by Rs1,200, climbing to Rs234,911 from Rs233,711.

In the same vein, the price of 10-gram 22 karat gold surged to Rs215,335 from Rs214,235, according to the All Sindh Sarafa Jewellers Association.

Silver prices, however, held steady, with both per tola and 10-gram silver priced at Rs3,350 and Rs2,872.08, respectively. Additionally, international gold prices saw a rise of $14, reaching $2,628 from $2,614.

Meanwhile, the Pakistan Stock Exchange (PSX) experienced a sharp decline on Thursday, as the shares plunged by 1200 points during intraday trading due to bearish market conditions.

Following a brief initial uptick, the market suddenly lost 1,432.23 points at 9:38 am. However, with a minor recovery of 224.23, it reached 111,206.24 points at 1:11 PM but could not regain the previous volume. 

The KSE-100 index showed a decline of 1,208 points from the previous day intraday trading, closing at 112,414.80.