Business
KSE-100 plunges over 1,600 points as geopolitical fears trigger heavy sell-off | The Express Tribune
Session touches a high of 150,719.91 points and a low of 149,129.41 points, indicating continued volatility
KARACHI:
Selling pressure gripped the Pakistan Stock Exchange on Tuesday, as investor sentiment turned sharply negative amid rising geopolitical uncertainty. Concerns linked to Donald Trump’s increasingly aggressive rhetoric and delays in ceasefire developments weighed heavily on the market, triggering a wave of early sell-offs.
The benchmark KSE-100 Index plunged 1,679.87 points within the opening minute of trading, reflecting intense bearish momentum right from the start of the session.
According to market data, the index was recorded at 150,408.24, down 799.57 points or 0.53% at the time of reporting. During the session so far, it touched a high of 150,719.91 and a low of 149,129.41, indicating continued volatility.
Trading activity remained robust, with volume reaching 101,357,271 shares and total value standing at 7,434,818,860, compared to the previous close of 151,207.81.
Read: PSX recoups losses on ceasefire hopes
AKD Securities Director Research Mohammed Awais Ashraf told The Express Tribune that KSE-100 remains under pressure since the opening bell as the prospect of escalation in the Middle East war and the looming deadline for a deal to be reached kept investors on the sidelines.
Investors are anticipating a positive development and the market is likely to recover the losses, he added.
Trading remained underway at the time of filing this report, with analysts closely watching whether selling pressure persists or if value-hunting investors step in to stabilise the market.
However, some recovery was witnessed on hopes that the government of Pakistan may achieve success in its diplomatic efforts, with the benchmark KSE-100 Index trading at 151,116.56, still down 91.25 points, or 0.06%, during the session.
Business
Gold price today: Yellow metal slips; check 24K, 22K city-wise rates in Delhi, Mumbai, Pune and more – The Times of India
Gold prices eased in futures trade on Tuesday, even as retail rates showed a mixed trend across major Indian cities.Gold prices declined by Rs 610 to Rs 1.49 lakh per 10 grams in futures trade, as surging crude oil prices and escalating tensions in West Asia kept investors cautious and weighed on demand for the safe-haven metal.On the Multi Commodity Exchange (MCX), gold contracts for June delivery fell by Rs 610, or 0.41 per cent, to Rs 1,49,371 per 10 grams in a business turnover of 7,270 lots.As per news agency PTI, analysts said the metal remained under pressure as crude oil climbed towards $115 per barrel amid heightened geopolitical tensions in West Asia. Gaurav Garg, research analyst at Lemonn Markets Desk, said the spike in energy prices has triggered a risk-off mood among investors, leading to cautious trading in gold, although the metal is still moving in a narrow range with a slight upward bias.In the international market, Comex gold futures for the June contract fell $19.13, or 0.41 per cent, to $4,665.57 per ounce in New York.
City-wise gold rates today
Gold rate in Bengaluru today:
Today’s gold rate in Bengaluru stands at Rs 14,984 per gram for 24K gold. The 22K gold price is Rs 13,735 per gram, while 18K gold is retailing at Rs 11,238. Compared with yesterday, 24K gold has risen by Rs 71, 22K by Rs 65 and 18K by Rs 53.
Gold rate in Delhi today:
Gold prices in Delhi today are Rs 14,999 per gram for 24K, Rs 13,750 for 22K and Rs 11,253 for 18K gold. Since yesterday, 24K gold has fallen by Rs 82, 22K by Rs 75 and 18K by Rs 61.
Gold rate in Mumbai today:
As of today, the gold price in Mumbai is Rs 14,984 per gram for 24K gold. The 22K variant costs Rs 13,735 per gram, while 18K is priced at Rs 11,238. Compared with yesterday’s rates, 24K gold is down by Rs 82, 22K by Rs 75 and 18K by Rs 61.
Gold rate in Chennai today:
Today’s gold prices in Chennai show 24K gold at Rs 15,120 per gram. Meanwhile, the 22K gold rate is Rs 13,860 and the 18K gold rate stands at Rs 11,560 per gram. Since yesterday, 24K gold has declined by Rs 142, 22K by Rs 130 and 18K by Rs 110.
Gold rate in Kolkata today:
The gold rate in Kolkata today is Rs 14,984 per gram for 24K gold. The 22K variant costs Rs 13,735, while 18K gold is selling at Rs 11,238 per gram. Compared with yesterday’s rates, 24K gold is down by Rs 82, 22K by Rs 75 and 18K by Rs 61.
Gold rate in Hyderabad today:
The gold rate in Hyderabad today is Rs 14,984 per gram for 24K gold. The 22K variant costs Rs 13,735, while 18K gold is selling at Rs 11,238 per gram. Compared with yesterday’s rates, 24K gold has fallen by Rs 82, 22K by Rs 75 and 18K by Rs 61.
Gold rate in Ahmedabad today:
In Ahmedabad, the current price of 24K gold stands at Rs 14,989 per gram. The 22K gold rate is Rs 13,740, while 18K gold is priced at Rs 11,243 per gram. Compared with yesterday’s rates, 24K gold has slipped by Rs 82, 22K by Rs 75 and 18K by Rs 61.
Gold rate in Jaipur today:
In Jaipur, the current price of 24K gold stands at Rs 14,999 per gram. The 22K gold rate is Rs 13,750, while 18K gold is priced at Rs 11,253 per gram. Compared with yesterday’s rates, 24K gold has fallen by Rs 82, 22K by Rs 75 and 18K by Rs 61.
Gold rate in Bhubaneswar today:
Gold rate today in Bhubaneswar stands at Rs 14,984 per gram for 24K gold. Meanwhile, the 22K variant is priced at Rs 13,735 and 18K gold is available at Rs 11,238 per gram. Compared with yesterday, 24K gold is down by Rs 82, 22K by Rs 75 and 18K by Rs 61.
Gold rate in Pune today:
In Pune, the current gold rate for 24K stands at Rs 14,984 per gram. The 22K gold is available at Rs 13,735, and 18K gold is priced at Rs 11,238 per gram. Since yesterday, 24K gold has decreased by Rs 82, 22K by Rs 75 and 18K by Rs 61.
Gold rate in Kanpur today:
The gold rate in Kanpur today is Rs 14,999 per gram for 24K gold. The 22K variant costs Rs 13,750, while 18K gold is selling at Rs 11,253 per gram. Compared with yesterday’s rates, 24K gold has increased by Rs 71, 22K by Rs 65 and 18K by Rs 53.
FILE PHOTO: A for sale sign is shown for a residential home in Encinitas, California, U.S. July 25, 2025.
Mike Blake | Reuters
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.
The all-important spring housing market is well underway, but expectations are falling short due to the war in Iran and its impact on both the U.S. economy and consumer sentiment.
Mortgage rates, which were previously forecast to be far lower this spring than last, are now much higher, and concerns over employment and inflation are throwing cold water on pent-up homebuyer demand.
Buyers in the first quarter of this year were more concerned about the economy and mortgage rates than they were about home prices, according to real estate agents who participated in the quarterly CNBC Housing Market Survey.
“They’re fearful of the war, they’re fearful of gas prices, [for] their job security,” said Faith Harmer, an agent in the Las Vegas metropolitan area.
The CNBC Housing Market Survey is a national inquiry of real estate agents selected randomly across the United States. Responses for the first-quarter survey were collected between March 24 and March 30. This quarter, 70 agents shared their insights.
When asked about their buyers’ primary concern, about one-third of agents said the economy, while another third said mortgage rates. The latter marked a big jump from just 26% in the fourth quarter.
Only 9% of agents in the first-quarter survey said prices were their buyers’ biggest concern, down from 18% in the previous period.
This should come as no surprise, as the average rate on the 30-year fixed mortgage hit a low of 5.99% the day before the Iran war started and then began to climb. It’s now hovering around 6.5%.
Still, while most agents said prices were either flat or falling, nearly twice as many agents, 29%, reported home prices rising during the first quarter than did in the previous quarter. Price dynamics can vary widely depending on the market and region of the country.
But affordability is not improving as much as most experts had forecast. When asked how affordability was hitting buyers, 19% of agents said it was causing them to get out of the market. That was up from just 11% at the end of last year.
More than half of agents reported at least one contract cancellation.
“Buyers that were on the fence and deciding to buy are now on the fence and going the other direction, saying, ‘I’m not going to buy,'” said Eric Bramlett, an agent in Austin, Texas.
As buyer demand drops, homes are sitting on the market longer. In the first quarter, 31% of agents reported that their listings were on the market for more than six weeks, compared with 26% in the fourth quarter.
“We just had one recently where they wanted what they wanted, and they wouldn’t come down to a price that the market could bear,” Harmer, the agent in Las Vegas, said. “So, in the end, they just pulled it off the market.”
Sellers are now more worried about that wait time. Fully 37% of responding agents said time on the market was their sellers’ top concern, compared with 30% at the end of last year.
That took share from price as sellers’ top concern, falling from nearly half of agents ranking it first to 39%.
Still, fewer agents reported price cuts than the previous quarter, but that may be the result of seasonal dynamics and the impact of lower mortgage rates in the middle of the first quarter, which gave buyers more purchasing power.
That may also be why fewer agents said they had to delist homes compared with the fourth quarter, when agents reported a slower-than-usual fall market with more frustrated sellers.
Even as concerns over the economy and interest rates rise, agents in the first quarter still said the market was either in the buyer’s favor or balanced. The share that called it a buyer’s market did drop quarter to quarter, from 42% to 36%, likely due to those new buyer headwinds – higher mortgage rates, the war and a weaker job market. And sellers are taking note.
“We’ve had two sellers who were planning on listing in May already decide, ‘Let’s hold, let’s search later in the summer for our next home to buy, and then we’ll try and list in the fall,'” said Dana Bull, an agent in the Boston area. “So they originally thought that the spring would be perfect for them, because it just felt like it was going to be the best time, and now they don’t feel as confident, and they want to wait and see.”
Just over half of agents surveyed said they expect the market to improve as the spring goes on, but that share is way down from the end of last year, when there was no war in the picture.
A higher share of agents said they expect the market to stay the same as last quarter, which is significant, given that the market is going from the historically slowest season for housing to the usually busiest.
The price of oil moved higher on Tuesday amid caution from investors ahead of Donald Trump’s deadline for Iran to agree to reopen the Strait of Hormuz.
The US president has threatened to launch a major attack on Iranian infrastructure if a ceasefire deal is not reached by 1am UK time on Wednesday.
Global financial markets were tentative ahead of the deadline as a result.
The price of Brent crude oil increased by around 1.5% to 111.4 US dollars a barrel in early trading.
It is around 53% higher than before the conflict started at the end of February, and has resulted in sharp increases in petrol and diesel costs as a result.
Traders are still hopeful a diplomatic breakthrough can be secured but have seen little headway from recent peace talks.
In London, the FTSE 100 opened a touch higher but quickly swung into the red. It was down 0.1% at 10,426.05 points shortly before 9am.
Elsewhere, the German Dax index was down 0.2% while the French Cac 40 was up 0.4% in early trading.
Richard Hunter, head of markets at Interactive Investor, said: “In the immediate term investors are facing a binary event – ceasefire or further escalation of the conflict.
“Asian markets provided little direction overnight, leading to a subdued UK mood although the main indices made cautious progress in opening exchanges.
“The FTSE 250 remains down by 3.4% so far this year, weighed down by a cocktail of domestic economic issues and the more general risk-off approach which has blighted other global markets.”
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Gold price today: Yellow metal slips; check 24K, 22K city-wise rates in Delhi, Mumbai, Pune and more – The Times of India
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