Business
Gold price in Pakistan today – March 23, 2026 | The Express Tribune
Price of gold per tola dropped by Rs43,600, settling at Rs447,762 in local markets
KARACHI:
The downward trend in gold and silver prices in both global and local markets has continued even after Eidul Fitr, driven by escalating tensions in the Middle East.
Exports of gold and jewellery from Dubai — considered a major global gold hub — have been disrupted following Iran’s attacks on the United Arab Emirates. Additionally, discount sales by Emirati gold traders have further contributed to the sharp decline in prices.
In the international bullion market, the price of gold per ounce dropped significantly by $436, reaching $4,250. As a result, in local bullion markets, the price of gold per tola fell by Rs43,600 to Rs447,762 on Monday, while the price of 10 grams declined by Rs37,380 to Rs383,883.
Similarly, in the global market, the price of silver per ounce decreased by $8 to $64, leading to a drop in local markets where the price per tola of silver fell by Rs800 to Rs6,884, and the price of 10 grams declined by Rs686 to Rs5,901.
It is noteworthy that over the past three weeks, the price of 24-carat gold per tola in the country has recorded a cumulative decline of Rs116,100, marking a significant drop.
Experts say that due to the ongoing US-Israel-Iran conflict, flights to Gulf countries have been affected, severely impacting trade activities. In this environment, Emirati gold traders are offering gold at discounted rates.
Iran’s attacks on US bases and financial institutions in Gulf countries have prolonged the conflict, creating uncertainty in global commodity markets. Meanwhile, expectations are rising that the US Federal Reserve may cut interest rates amid increasing inflationary pressures.
MUMBAI: The board of markets regulator Sebi on Monday approved some major changes to the disclosure rules governing the chairman, whole time members (WTMs) and other senior officials of the body. These changes, including public disclosure of their own assets and liabilities, and of their family members, were mostly based on the recommendations of the high-level committee (HLC) on conflict of interest of the senior officials and board members of Sebi.The market regulator’s board also approved changes to some of the rules governing foreign portfolio investors (FPIs) that would allow these investors to net out their trades in the equity cash segment of the market. Under the new disclosure norms, the Sebi WTMs will be categorised as ‘insiders’, the regulator said in a release. All these officials will have uniform application of restrictions on investments and trading (in equity and equity-related instruments, other than permitted investments in mutual funds etc.) as currently applicable to employees, the release said. Also, they could invest in any pooled vehicle, provided the scheme is professionally managed by a regulated market intermediary.The new rules also mandated that when an official joins Sebi as its chairman or a WTM, the official will have four options to choose from for existing equity investments. The official could liquidate all the investments, freeze them, sell the investments according to a trading plan or sell them without a trading plan with prior approval.“Investments in equity and equity-related instruments in commercial ventures (including unlisted companies) must be fully liquidated or kept frozen” during the tenure of the official. “Vested options, if any, must be exercised before joining Sebi,” the release said.The HLC was formed in April 2025, soon after Tuhin Kanta Pandey, then a top bureaucrat in the finance ministry, took over as top markets regulator. A panel on the issue was necessitated after there were allegations of conflict of interest with the previous Sebi chief, which were denied by the official.
Energy prices fall and stock markets rebound after the US president says “very good and productive” talks have been held.
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Business
WNBPA President Nneka Ogwumike says new CBA will have a major impact on players’ bank accounts
The Women’s National Basketball Player’s Association ratified the terms of a new collective bargaining agreement Monday, calling it “transformational” and “bigger than basketball.”
The new CBA begins this season and runs through 2032.
When asked her opinion of the most important outcome from the deal, WNBPA President Nneka Ogwumike had two words: “Bank accounts.”
“Being able to have your worth tied mostly in your salary is all that we’ve been fighting for, and it’s what we were able to achieve,” Ogwumike told CNBC Sport in an interview.
The deal increases the average player salary to $583,000 in 2026 with the potential to increase to more than $1 million by 2032. The maximum salary for players will now be $1.4 million in 2026 and could grow to more than $2.4 million by 2032, based on current WNBA financial projections.
Ogwumike acknowledged the salary increases may change players’ plans for how they spend their off-seasons.
The average WNBA salary was $120,000 in 2025, spurring many players to play abroad or in other leagues, such as 3-on-3 league Unrivaled, for extra money.
“Prioritizing where you want to play is going to look a lot different now that we’ve been able to negotiate a structure, a salary structure, that is tied to the revenue of the business,” Ogwumike said.
Several WNBA players, including five-time WNBA All-Star Napheesa Collier, have expressed a loss of confidence in WNBA Commissioner Cathy Engelbert in recent months, criticizing her empathy and communication with players. Ogwumike expressed optimism that players will be able to work in tandem with Engelbert under the new CBA structure.
“I told her that we’re standing here with you, Cathy,” Ogwumike said. “We were able to come to this deal and go through the process of this deal, however bumpy or smooth it was, we got here. It’s important for her to understand that we as players are at the table with her and all WNBA leadership to have achieved something that’s incredibly historical. So, I feel like there probably isn’t a better way to represent us settling our differences and moving forward in a league that we all care about then by signing this deal.”
Watch CNBC Sport’s full interview with WNBPA President Nneka Ogwumike.
— CNBC’s Jessica Golden contributed to this report.
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