Gold prices in both global and local markets remained stable on Friday, although per tola rates continued to hover at record highs. In the international bullion market, the price of gold per ounce held steady at $3,865 with no change. Similarly, in local bullion markets, the price of gold per tola stayed unchanged at Rs407,778. In line with the global movement, domestic prices followed suit, with gold per 10 grams remaining stable at Rs349,603. Meanwhile, spot gold inched up 0.03% to $3,857.25 per ounce after hitting a record high of $3,896.49 on Thursday. The bullion has gained 2.6% so far this week. Among other precious metals, spot silver climbed 0.6% to $47.24 per ounce, platinum rose 0.5% to $1,576.25, and palladium gained 1.4% to $1,258. 25.
In a surprising turn of events, a delegation of key deserters from the Pakistan Tehreek-e-Insaf (PTI) party recently met PTI Vice-Chairman Shah Mahmood Qureshi in Adiala jail. The meeting, aimed at swaying Qureshi's loyalty, has raised eyebrows and sparked speculation about the potential realignment of political alliances within the party. According to reliable sources, the delegation, consisting of PTI bigwigs Fawad Chaudhry, Imran Ismail, Mahmood Moulvi, and Aamir Kiani, engaged in discussions with Qureshi, who is seen as a potential successor to Chairman Imran Khan in the event of his disqualification. Their objective was to convince Qureshi to distance himself from the deposed prime minister, who was removed from office through a vote of no-confidence in April last year. Following the meeting, Fawad Chaudhry, once a close aide of Khan, addressed a press conference where he emphasized the need to protect the interests of the Pakistani population. He stated that the fate of 250...