Gold prices and the stock market rebound signal rising investor confidence in Pakistan.
KARACHI: Gold prices in Pakistan soared sharply on Tuesday, mirroring international market trends. The price of 24-carat gold jumped by Rs6,200 per tola, reaching Rs539,562, while 10 grams of gold climbed by Rs5,316 to Rs462,587.
In the international bullion market, gold surged by $62 per ounce to $5,168, fueling the local rally. Silver prices also saw an uptick, rising by Rs460 per tola to Rs9,354, with 10 grams increasing by Rs394 to Rs8,019.
Meanwhile, Pakistan’s stock market experienced a remarkable rebound. The KSE-100 index skyrocketed by 10,757.64 points during early trading to 157,300.45 points, up from Monday’s close of 146,480.14. The dramatic surge triggered a temporary market halt under Pakistan Stock Exchange regulations.
According to an official notice, trading was paused after the KSE-30 index recorded a 5% increase, activating the market suspension mechanism. Trading resumed at 10:27 AM, restoring normal market activity.
Investors are closely monitoring global gold trends and domestic stock market movements, as both sectors reflect heightened volatility and optimism.
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