KARACHI – Gold prices continued their decline for the second consecutive day in Pakistan’s domestic market on Wednesday, following a drop in global bullion rates.
According to the All Pakistan Gems and Jewellers Association, the price of per tola gold decreased by Rs1,200, settling at Rs440,662. Similarly, 10-gram gold fell by Rs1,029 to close at Rs377,796.
The international market also reflected a bearish trend, with gold losing $12 per ounce, bringing the new global rate to $4,207. Experts attribute the decline to weaker global demand and ongoing fluctuations in international bullion prices.
Meanwhile, the Pakistan Stock Exchange (PSX) saw a remarkable rally, surpassing the 170,000 points milestone amid strong investor confidence. The benchmark KSE-100 index gained 1,006.12 points, closing at a fresh high of 170,426.50 points compared to the previous close of 169,456.38 points.
The surge in the stock market comes after the International Monetary Fund (IMF) approved a $1.3 billion loan tranche for Pakistan. This approval has bolstered investor sentiment and improved the country’s economic outlook.
Under the $7 billion Extended Fund Facility (EFF) program, Pakistan will receive over $1 billion. Additionally, more than $20 million will come from the $1.3 billion Rapid Financing Instrument (RFI). With this latest release, Pakistan’s total IMF support now reaches $3.3 billion, a crucial step to stabilize the economy and support urgent fiscal reforms.
Analysts note that while the stock market benefits from foreign inflows and loan approvals, gold remains sensitive to global price trends and currency fluctuations. Investors are advised to monitor international gold rates closely as domestic prices continue to react to global market movements.
In other news read more about Gold Prices Jump by Rs1,600 Per Tola in Pakistan — Here’s Why
This dual scenario highlights the contrasting trends in Pakistan’s financial landscape: falling gold prices versus a booming stock market, reflecting a mix of domestic optimism and global uncertainty.
