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.
At the 79th session of the United Nations General Assembly (UNGA), Shehbaz Sharif, Pakistan’s Prime Minister, delivered a forceful speech addressing several global and regional concerns. His primary focus was on humanitarian crises, particularly in Palestine and Kashmir, as well as Pakistan’s struggles with climate change, economic challenges, and terrorism. 1. Palestine and Kashmir: Sharif condemned Israel’s military actions in Gaza, labeling them a “genocidal war,” and called for the international community to intervene and support a two-state solution. He urged the UN to grant Palestine full membership, aligning the Palestinian cause with that of Kashmir, drawing parallels between both struggles for self-determination. He criticized India for its actions in Kashmir, particularly since the abrogation of Article 370 in 2019, and demanded the reversal of these measures to ensure peace in the region . 2. Climate Change: Sharif also emphasized Pakistan’s vulnerability...