The value of gold recorded a notable rise on Thursday in international and Pakistani markets, breaking a two-day losing streak.
In global trade, the bullion price jumped by $20 per ounce, closing at $3,345. The increase was reflected in Pakistan, where 24-karat gold gained Rs2,000 per tola, bringing the new rate to Rs357,200. Similarly, the price for 10 grams climbed by Rs1,715 to Rs306,241.
Silver also showed an upward trend. One tola moved up by Rs78 to Rs4,013, while 10 grams reached Rs3,440 after a rise of Rs67.
Analysts said the rally in precious metals was largely driven by heightened global uncertainty and currency market swings. They noted that investors were shifting towards gold and silver to secure their assets amid unpredictable economic signals.
In contrast, Pakistan’s equity market witnessed a rough session. The benchmark KSE-100 index initially touched 151,249 points as optimism lifted early trade.
However, the momentum soon faded, and the market slipped into losses by the close of the day. The index settled at 149,145 points, down by 1,445 points, or nearly 1%.