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Gold hits Rs377,900 as global rally nears $3,600 | The Express Tribune
KARACHI:
Gold prices in Pakistan extended their hiking streak on Friday, mirroring the surge in the international market where bullion rallied to fresh highs. The global price of gold climbed close to the $3,600 per ounce mark after weak US jobs data boosted expectations of a Federal Reserve rate cut, providing further momentum to the metal’s safe-haven appeal.
In the local market, gold prices jumped by Rs1,200 per tola, taking the new all-time high to Rs377,900. Similarly, the price of 10-gram gold rose by Rs1,029 to settle at Rs323,988, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This comes after Thursday’s session, when gold prices held steady at Rs376,700 per tola.
Spot gold was up 1.4% at $3,596.49 per ounce, as of 1402 GMT, having hit a record $3,596.76 earlier. The metal is now on track for its strongest weekly gain in nearly four months, according to Reuters. US gold futures for December delivery rose 1.3% to $3,653.30.
“The international rally remains robust,” noted Adnan Agar, Director at Interactive Commodities. Gold’s low for today was $3,540, and its high reached $3,597. The data that came into the market strongly supported gold, which is why prices pushed higher. On Monday,
there’s a strong chance of further upside, he said.
However, Agar cautioned that the sharp upward run without any significant pullback also raises the likelihood of a correction. “At the very least, we may see a $70 to $100 adjustment in the coming days before the rally resumes.” Internationally, people are targeting $3,700, but targets keep getting revised as gold continues to defy expectations, he explained.
Meanwhile, the Pakistani rupee extended its upward trend against the US dollar on Friday, recording a modest appreciation of 0.01% in the inter-bank market.
By the day’s close, the currency stood at 281.65, strengthening by two paisa compared to the previous session. This marked the rupee’s 21st straight session of gains against the greenback.
A day earlier, the local unit had closed at 281.67.
“At the end of the trading session, PKR appreciated by 0.01% DoD against the greenback to settle at 281.65, whereas it has depreciated by 1.10% CYTD and appreciated by 0.75% FYTD,” commented Ismail Iqbal Securities.
The State Bank of Pakistan (SBP) raised Rs654.28 billion through an auction of Pakistan Investment Bonds (PIBs) held on September 5, 2025. The auction saw strong demand across tenors, with the highest amount of Rs280 billion accepted for the 15-year bond at a cut-off yield of 12.38%. Significant amounts were also raised in the 10-year (Rs207.86 billion at 12.04%), 5-year (Rs114.99 billion at 11.44%), 2-year (Rs43.29 billion at 11.20%), and 3-year (Rs8.15 billion at 11.14%) tenors.
In a separate move to manage liquidity, the SBP injected funds into the banking system through two types of Open Market Operations (OMOs). A Shariah-compliant Mudarabah-based OMO injected Rs153.30 billion at rates between 11.13% and 11.14% for 7-day and 14-day tenors. Simultaneously, a conventional Reverse Repo (Injection) operation added Rs113.30 billion at slightly lower rates of 11.01% for 14-day and 11.06% for 7-day tenors.
NEW DELHI: People with job cards assigned under Mahatma Gandhi National Rural Guarantee Scheme will be able to get work without disruption when transition takes place to new rural employment framework under Viksit Bharat-Guarantee for Rozgar and Aajeevika Mission (Gramin) Act.Even though exact timeframe is not known yet, rural development ministry officials said the VB-G RAM G scheme will come into force in the coming financial year after the Centre frames and notifies the rules. After govt notifies the Act’s commencement date, states will get six months to make their schemes to enable implementation of the law.To ensure there is no disruption and job guarantee is upheld during transition from MGNREGA, it has been proposed to enable workers to use the same job cards issued under MGNREGA with Aadhaar-based eKYC.The officials said that as of now, around 75% of job cards have been verified with eKYC under the ongoing scheme. Moreover, ongoing projects under MGNREGA, if incomplete when the transition happens to the new scheme, would stay on course.Meanwhile, work is on to frame rules, lay out regulations on normative allocations, fund flow plan, IT framework, a national-level steering panel and social audits.Under the new law, focus will be on transparency to weed out leakages and duplicacy of work,the social audit system will be strengthened, and technology leveraged to create systems to establish work progress, timely wage payment and accountability through ‘e-measurement’ books, sources said. Demand for work will have to be entered on a digital platform. Officials made it clear the new law in no way interferes with demand-driven character of the scheme.
Business
Gurugram Attracts Rs 86,588 Crore In Real Estate Investments In 2025 As RERA Clears 131 Projects
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Alongside rising investments, Gurugram RERA strengthened regulatory oversight to safeguard homebuyer and investor interests
Gurgaon Real Estate (Representative Image)
Gurugram emerged as one of India’s top real estate investment destinations in 2025, with projects worth Rs 86,588 crore receiving regulatory approvals during the year, according to data from the Gurugram Real Estate Regulatory Authority (Gurugram RERA).
Market observers said the numbers reflect strong investor confidence in the NCR’s largest commercial and residential hub.
Gurugram RERA registered 131 projects in calendar year 2025, representing development potential of 35,455 units across housing and commercial segments.
A striking feature of the data was the dominance of large-ticket projects. Just 28 major developments accounted for investments worth Rs 59,360 crore, highlighting the growing influence of institutional capital and large developers in shaping Gurugram’s property market.
Residential assets continued to attract the bulk of investment interest. Of the total units approved, 31,455 were residential, underscoring sustained end-user demand and long-term confidence in the city’s housing fundamentals.
According to Authority data, the residential mix included 17,405 group housing units, 5,720 mixed land use units, 4,040 residential floor units, 2,122 affordable group housing units, 1,954 units under the Deen Dayal housing scheme, and 214 residential plotted colony units.
Market observers said this diversified supply pipeline indicates capital deployment across both premium and mass segments, helping reduce concentration risk and deepen market resilience.
On the commercial side, Gurugram RERA approved about 4,000 commercial units, of which 168 were dedicated to IT parks, reinforcing Gurugram’s position as a preferred hub for technology firms and Global Capability Centres.
Analysts noted that the combination of office-led employment growth and residential expansion continues to make Gurugram attractive for long-term capital deployment.
Industry experts said the scale of investments approved in 2025 highlights Gurugram’s ability to attract capital despite global uncertainty, supported by infrastructure growth, a strong corporate base and an improving regulatory environment.
“With a large pipeline of approved projects and sustained interest from developers and institutional investors, Gurugram is expected to remain a key real estate investment destination in the coming years,” a Gurugram-based real estate expert said.
Tighter regulatory checks
Alongside rising investments, Gurugram RERA strengthened regulatory oversight to enhance transparency and safeguard homebuyer and investor interests.
“These steps included stricter scrutiny of developer submissions, mandatory site inspections by domain experts, and public consultation through mandatory notices before project registration,” an Authority official said.
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January 16, 2026, 07:44 IST
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National Startup Day highlights India’s thriving startup ecosystem, celebrating innovation, entrepreneurship and job creation driven by founders, unicorns and Startup India mission
National Startup Day 2026 honours Indian startups, entrepreneurs and innovators driving economic growth and job creation.
National Startup Day 2026: India’s startup ecosystem has evolved into one of the world’s most vibrant and promising innovation hubs. To recognise the contribution of entrepreneurs, founders and startups transforming ideas into impactful solutions, National Startup Day is observed every year on January 16 across the country.
Launched by Prime Minister Narendra Modi in 2022, the day celebrates visionary entrepreneurs who play a crucial role in economic growth, employment generation and technological advancement.
National Startup Day serves as a reminder that innovation, backed by determination and policy support, can reshape society and create global impact.
National Startup Day 2026 Theme
The official theme for National Startup Day 2026 is yet to be announced. However, the core focus areas are expected to revolve around:
- Innovation and emerging technologies
- Entrepreneurship and leadership
- Self-reliance (Atmanirbhar Bharat)
- Startup India Mission
- Youth empowerment
- Job creation
How Startups Are Shaping India’s Future
India currently ranks as the third-largest startup ecosystem globally, with over 1.59 lakh startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) as of early 2025. Backed by 100+ unicorns, the ecosystem continues to grow rapidly.
Metro cities such as Bengaluru, Hyderabad, Mumbai and Delhi-NCR lead this expansion, while Tier-2 and Tier-3 cities are emerging as new innovation centres, adding diversity and scale to India’s entrepreneurial journey.
Startups across fintech, edtech, health-tech, e-commerce and deep-tech are addressing real-world challenges and gaining global recognition. Technologies like artificial intelligence, blockchain and IoT are increasingly driving innovation, according to Startup India ecosystem reports.
Industry-Wise Startup Impact
DPIIT-recognised startups have generated over 16.6 lakh direct jobs across sectors as of October 31, 2024, strengthening India’s employment landscape.
- IT Services: 2.04 lakh jobs
- Healthcare & Life Sciences: 1.47 lakh jobs
- Commercial & Professional Services: 94,000 jobs
Through the Startup India initiative, the government continues to focus on skill development, funding access, ecosystem collaboration and global outreach.
Key Initiatives Under Startup India
- Capacity building and mentorship
- Outreach and awareness programmes
- Ecosystem development events
- International exposure and global linkages
- Collaboration between startups, corporates and institutions.
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January 16, 2026, 07:00 IST
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