Gold Prices Surge in Islamabad Market

Gold Prices Increase in Islamabad: The price of gold saw a rise in Islamabad, with the per tola price of 24 karat gold increasing by Rs500 to reach Rs250,700 on Friday. Similarly, the price of 10 grams of 24 karat gold went up by Rs429, selling at Rs214,935. The price of 10 grams of 22 karat gold also increased to Rs197,024. On the other hand, the prices of silver remained stable at Rs2,780 per tola and Rs2,383.40 per 10 grams.

International Market Impact: The international market also experienced a $5 increase in the price of gold, reaching $2,400 from $2,395. This global trend contributed to the local price surge in Islamabad.

Stock Market Movements: In the stock market, Rafhan Maize Products Company Limited observed a significant decrease of Rs30.10 per share, closing at Rs8,350.00. Following closely, Services Industries Limited saw a decline of Rs9.50, closing at Rs602.50.

The upward trend in gold prices in Islamabad, influenced by the international market, reflects the ongoing fluctuations in the precious metals sector. Investors and consumers are advised to stay updated on market movements to make informed decisions regarding their investments and purchases.