Money matters: PSX hits historic high, gold prices soar to record levels

KARACHI: Pakistan’s financial markets witnessed a landmark session as the Pakistan Stock Exchange (PSX) touched a new all-time high, while gold prices surged sharply both locally and internationally, reflecting strong investor activity across asset classes.

PSX REACHES NEW PEAK OF 191,000 POINTS

Another historic milestone was crossed at the Pakistan Stock Exchange as the benchmark KSE-100 Index surged past the 191,000 mark for the first time.

The trading week opened on a strong note, with the index gaining 1,865 points, pushing it to a fresh record high of 191,000 points. Market participants attributed the rally to renewed investor confidence, strong institutional buying, and positive economic sentiment.

Meanwhile, the Pakistani rupee showed slight improvement against the US dollar. According to the Exchange Companies Association, the US dollar exchange rate became cheaper by one paisa in the interbank market and was trading at Rs 279.85 to the greenback.

GOLD PRICES HIT RECORD HIGHS LOCALLY AND GLOBALLY

Gold prices witnessed a massive surge, reaching their highest levels ever recorded in both domestic and international markets.

The price of gold per tola jumped by Rs 10,900, taking it to a historic high of Rs 532,062. Similarly, the price of 10 grams of gold increased by Rs 9,345, crossing Rs 450,000 for the first time in Pakistan’s history.

In the international market, gold prices rose sharply by $109 per ounce, pushing the global price to a record $5,097 per ounce.

Silver prices also broke previous records, with the price per tola increasing by Rs 627 to reach an all-time high of Rs 11,428.

Market analysts say rising global uncertainty and strong demand for safe-haven assets have fueled the rally in precious metals, while optimism in equities reflects confidence in Pakistan’s economic outlook.