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 landmark decision, Pakistan’s military courts sentenced 25 civilians to rigorous imprisonment ranging from two to ten years on Saturday. These individuals were found guilty of participating in the violent attacks on military installations during the May 9, 2023, protests following the arrest of former Prime Minister Imran Khan. The violence on May 9 was unprecedented, with protesters targeting sensitive military sites, including the Corps Commander’s House in Lahore and other key installations. The events drew widespread condemnation from political and social circles, prompting the government to launch an extensive crackdown on those involved. The military, in its statement, emphasized that all defendants were afforded due legal rights, including access to defense counsel and fair trials. These convictions are part of broader efforts to bring perpetrators of the May 9 unrest to justice, a move that has sparked debate about the use of military courts for civilian trials. Th...