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.
The Pakistan Cricket Board (PCB) on Monday appointed former all-rounder Azhar Mahmood as the acting red-ball head coach of the Pakistan men’s team. In April, after having tested as many as six head coaches without any positive results in key international contests during the past two years for the national team, the PCB again advertised the post. Aaqib Javed, the last interim head coach for both formats who had failed to deliver after performing double duties as selector and coach during the past six months, had left the job following this year’s ICC Champions Trophy held in February-March. “The Pakistan Cricket Board today announces Azhar Mahmood as the acting red-ball head coach of the Pakistan men’s team,” a PCB press release read. According to the press release, the former Pakistan all-rounder will serve in this role until the conclusion of his current contract. “A seasoned cricketing mind, Azhar Mahmood steps into the role with an impressi...