Overview
- Domestic 24-karat gold dropped by Rs1,200 to Rs440,662 per tola, with the 10-gram rate down Rs1,029 to Rs377,796.
- International spot gold eased by $12 to $4,207 per ounce, tracking the softer tone in bullion.
- The KSE-100 index hit an intraday peak of 170,176.67, up 720.29 points from the previous close of 169,456.38.
- The IMF approved nearly $1.3 billion this week, taking total disbursements under Pakistan’s programs to about $3.3 billion.
- Officials and market commentators credit the IMF move and stronger remittances with bolstering reserves, lifting equities, and tempering safe-haven demand for gold.