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.
Pakistan has agreed to adopt a hybrid model for hosting the 2024 Asia Cup, marking a significant compromise to ensure the tournament proceeds amid geopolitical tensions. This decision comes after months of deliberations with the Asian Cricket Council (ACC) and key stakeholders, including India, which expressed concerns about traveling to Pakistan for the event. Under the hybrid arrangement, Pakistan will retain hosting rights, but matches involving India and certain other games will be held at neutral venues. This model allows all participating nations to compete while addressing security concerns raised by the Board of Control for Cricket in India (BCCI). The hybrid solution is being hailed as a diplomatic win for cricket and Pakistan. It not only preserves the country’s right to host a major event but also strengthens regional cooperation in the sport. Pakistan Cricket Board (PCB) officials emphasized the importance of this compromise, aiming to focus on the tournament’s succes...