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 the wake of a devastating earthquake that has claimed over 1,000 lives in Myanmar and caused significant destruction in Thailand, Pakistan has extended its support to both nations. Prime Minister Shehbaz Sharif expressed deep sorrow over the tragedy, offering assistance to help alleviate the suffering of those affected. The earthquake, measuring 7.7 on the Richter scale, struck near Sagaing in central Myanmar, causing widespread devastation. Reports indicate that numerous buildings were flattened, bridges were downed, and roads were severely damaged. The tremor was followed by a substantial aftershock, further complicating rescue and recovery efforts. In Thailand, a 30-story skyscraper under construction collapsed, adding to the tragic toll in the region. Prime Minister Sharif took to social media to convey Pakistan's solidarity, stating, “Pakistan stands in solidarity with Thailand and Myanmar, offers our support and wishes them strength, safety, and a swift recovery from thi...