Karachi: Gold prices in the country began to fall sharply, the stock exchange also continued to rise.
Muhammad Arshad, chairman of All Pakistan Jewelers Manufacturers Association, said that the price of gold per tola in the country has come down by Rs 250 to Rs 110,350.
Similarly, the price of 10 grams of gold fell by Rs 643 to Rs 94,607.
Gold prices also declined in the global market, with gold trading at 18 1,879 an ounce after falling ڈالر 11.
Pakistan Stock Exchange
A day before the announcement of the federal budget, the Pakistan Stock Exchange had a positive trading day today and the 100 Index closed at 48251 with an increase of 473 points.
A total of 1.3 billion shares were traded in the market, with a turnover of Rs 26.35 billion.
Market capitalization has increased by Rs. 58 billion to Rs. 8350 billion.
Rise in value of the dollar
On the other hand, according to the SBP, the dollar continued to appreciate in the interbank market.
The SBP said that the dollar appreciated by 23 paise in the interbank market and closed at Rs 155.92 in the interbank market.