Gold prices surge as global demand and supply imbalance drive up costs.
The Rise of 24-Karat Gold Prices
The price of 24-karat gold has seen a significant increase in recent times, with a notable rise in the price per tola. The current price of 24-karat gold per tola has settled at Rs276,400, marking a substantial jump from its previous value.
Key Factors Contributing to the Price Increase
Several factors have contributed to the rise in gold prices. Some of the key factors include:
Global demand for gold: The increasing demand for gold in various industries, such as jewelry, coins, and investment, has led to a rise in prices. Supply and demand imbalance: The limited supply of gold in the market, combined with high demand, has resulted in a significant price increase. Currency fluctuations: The fluctuation in currency values, particularly the Indian rupee, has also played a role in the price increase. Economic uncertainty: The ongoing economic uncertainty and geopolitical tensions have led to a rise in gold prices as investors seek safe-haven assets.
Surge in KSE-100 Index Marks New High After Over a Year.
The index has now surpassed the 110,000 mark for the first time in over a year.
Key Highlights
The KSE-100 Index has surpassed the 110,000 mark for the first time in over a year. The index rose by 1,94 points (07%) in the first trading session of the week. The intra-day high of 110,98 was achieved during the trading session. ## Factors Contributing to the Surge*
Factors Contributing to the Surge
The surge in the KSE-100 Index can be attributed to several factors, including:
Economic growth: The country’s economic growth has been steadily increasing, with a growth rate of 3% in the previous quarter. Investment in infrastructure: The government has been investing heavily in infrastructure development, which has led to an increase in investor confidence.
Gold prices globally and locally are affected by multiple factors, including:
