Gold prices have decreased in both global and local markets.
In the international bullion market, gold per ounce has dropped by $7, reaching $2,632.
Meanwhile, in the local bullion market, the price of gold per tola has fallen by Rs700, settling at Rs 275,000. The cost of gold per 10 grams has also decreased by Rs 600, now at Rs 235,768.
Previously, gold prices declined in international and local markets on Saturday. In the global bullion market, the price of gold fell by $18 per ounce, settling at $2,639.
24-carat gold dropped by Rs 1,200 per tola in local markets, reaching Rs 275,700. The price of 10 grams of gold decreased by Rs 1,029 to Rs 236,368.
The Pakistan Stock Exchange (PSX) opened the trading week with a strong surge, pushing the KSE-100 index to a new all-time high of 118,735.09 points during intra-day trading, following which the market faced a slight pullback, with the index dipping as low as 116,300.17 points.
By noon, the KSE-100 index stood at -896.05c points or 116,745.03 points, marking a 0.76% decrease during the day.
Despite this pullback, trading activity remained strong, with 134.7 million shares exchanged, amounting to a turnover value of approximately PKR 9.74 billion.
The previous close for the PSX was recorded at 117,586.98 points, reflecting a modest loss in the current session, following an otherwise positive start to the week.
