Gold opened the new business week in Pakistan unchanged, with 24-karat metal steady at Rs467,936 per tola — the level it dropped to on Saturday and held through the rest of the weekend (Pakistan Observer; Daily Pakistan).
Ten grams of 24-karat gold stand at about Rs401,100 — Daily Pakistan gives Rs401,179 and Pakistan Observer Rs401,077. The two outlets agree exactly on the tola rate, but their 22-karat and 21-karat quotations diverge by around Rs2,500 a tola, so those rates are not reported here.
The steadiness follows a sharp single-day correction. Gold fell Rs15,100 a tola on Saturday 29 August, down from the Rs483,036 it held on Friday, tracking a $151 an ounce drop in the international price to $4,454 (Pakistan Observer; Daily Pakistan).
Silver fell in the same Saturday session, down Rs397 to Rs7,112 per tola.
Fuel prices hold
Petrol remains at Rs342.02 a litre and high-speed diesel at Rs371.44, unchanged since the last revision. Under the daily pricing mechanism the Oil and Gas Regulatory Authority has published no fresh price build-up for 30 or 31 August (OGRA; Express Tribune).
Tax already embedded in the petrol price comes to Rs105.96 a litre, according to OGRA’s own build-up — a figure worth noting because several outlets have this month reported the levy as Rs114.
Stocks and crude
At the Pakistan Stock Exchange the KSE-100 closed at 176,975.67, down 720.83 points or 0.41%, settling below the 177,000 level. Friday’s close was 177,696.50, and the day’s fall reconciles exactly against it (Pakistan Stock Exchange).
Crude is the variable that matters most for the next fuel revision. Brent was around $90.61 a barrel and WTI $85.53 after United States forces struck Iranian launchers on Larak Island inside the Strait of Hormuz, a rise of more than 2% (Express Tribune; Geo).
Because Pakistan’s pump prices are set off a rolling seven-working-day average of import benchmarks, a spike takes time to reach the forecourt — which is why petrol can sit still on a day the barrel moves sharply.
