KARACHI – Gold prices saw a decline in Pakistan’s domestic market on Tuesday, mirroring a slight drop in international rates.
According to the All Pakistan Gems and Jewellers Association, the price of one tola of gold fell by Rs800, settling at Rs272,600, while the 10-gram rate decreased by Rs685 to Rs233,711 in the local market.
On the global front, gold prices also dipped, with the per-ounce rate slipping by $6 to trade at $2,614.
The decline comes after a day of stability in domestic rates when gold was sold at Rs273,400 per tola on Monday.
Stock Market Update
Meanwhile, the Pakistan Stock Exchange (PSX) experienced a sharp downturn on Tuesday. The KSE-100 index plunged by 1,509.61 points, closing at 112,414.80, ending its recent upward streak.
Despite reaching a record high of 115,036.49 points during intraday trading, the market reversed course, marking a significant loss of over 1,500 points.
This dual trend highlights fluctuations in both precious metals and the equity market, emphasizing the volatility impacting Pakistan’s financial landscape.
