Gold prices in the Pakistani market mirrored the global trend, facing continued downward pressure. On Friday, the per tola price of 24-Karat gold dropped by Rs2,400, reaching Rs211,800, while the price of 10-gram gold fell by Rs2,058 to Rs181,584. In the international market, the bullion’s price declined by $20 to settle at $1,968 per ounce….
In the latest currency exchange rates on November 10, 2023, the US dollar maintains stability in the open market. The buying rate for the US dollar is 286.4, and the selling rate is 289.15. The Euro is currently quoted at 307 for buying and 310 for selling, while the British pound (GBP) stands at 354.5…
Gold prices in the domestic market showed an increase on Thursday, aligning with international market trends. In the international market, the gold price experienced a slight margin increase. On Thursday, the price of a single tola of gold was being traded at Rs216,000 in Pakistan, while the price of 10-gram gold stood at Rs185,190. Here…
On Thursday, the US dollar was quoted at 286.4 for buying and 289.15 for selling in Pakistan. The euro was available at 307 for buying and 310 for selling, while the British pound was quoted at 354.5 for buying and 358 for selling. The Pakistani rupee showed signs of strength as it broke its losing…
Gold prices in the domestic market experienced a slight decline on Tuesday, reflecting the drop in international prices. In the international market, the price of gold declined by $15 to $1,968 per ounce. The price of 10-gram gold also saw a reduction of Rs172, reaching Rs183,477. A day earlier, gold prices in the local market…
On the first working day of the week, the Pakistani rupee remained under pressure against the US dollar, declining by 0.34 percent. The rupee settled at Rs285.29, compared to Friday’s rate of Rs284.31 against the US dollar. Earlier, on November 3, the local currency faced further losses against the greenback, settling at 283.43. In the…
The price of gold has experienced a significant surge in the last month, rising by over 10%. Starting at $1,815 in early October, it now stands at around $2,000 per ounce, marking its highest value since May 2023. The possibility of a US recession by the end of 2023, as predicted by some, could further…
The dollar’s recent resurgence continues, approaching Rs285 in the interbank market after reaching a low point in mid-October. Various factors have contributed to this shift in the rupee’s fortunes. This rise of Rs7.7 or 2.8% in the last ten sessions is attributed to drying up inflows and strong demand from importers. According to banking experts,…
On Friday, the price of 24 karat gold in the local market surged by Rs1,100, reaching a new price of Rs214,400 per tola. Gold rates in Pakistan continued their upward trajectory, in line with the international market trend. Simultaneously, the rate for 10 grams of gold bullion experienced a Rs943 surge, settling at a new…
During the week ending on October 27, 2023, Pakistan’s foreign exchange reserves increased by $14 million, as reported by the State Bank of Pakistan (SBP). The country’s total liquid foreign reserves have now reached $12.6 billion. The recent surge in reserves, credited to a 5% boost in Pakistan’s exports, which followed a 12-month decline, has…
In Pakistan, the per tola gold prices went down by Rs 1,200, and the prices of gold per 10-gram decreased by Rs 1,029. This decline was attributed to the per tola gold being sold at Rs 211,800 and the per 10-gram at Rs 181,584. The gold prices in the local market have dropped in response…
In a welcome development for those grappling with rising inflation, the government is anticipated to reduce petrol and diesel prices by approximately Rs15-19 per litre for the first half of November. According to reports, the cost of petrol is expected to decrease by about Rs20 per litre, thanks to the resurgence of the Pakistani rupee,…
Gold prices in the domestic market of Pakistan, as reported by the All Pakistan Gems and Jewellers Association, increased by Rs900 to reach Rs213,000, following an upward trend in the international market on Tuesday. The price for 10 grams of gold also witnessed a rise of Rs771, settling at Rs182,613. Simultaneously, in the international market,…
As Monday’s trading began, the Pakistani rupee exhibited an upward trend against the US dollar. During the early hours of intra-day trading, the PKR gained momentum, reaching a quote of 280.50, reflecting an increase of Rs 0.07 in the inter-bank market. Contrastingly, the previous Friday saw the PKR depreciate by Rs 1.77 against the US…
US Deputy Chief of Mission Andrew Schofer expressed the importance of the event, stating, “It is an honor to be here today. In partnership with Pakistan, we continue to make strategic investments to improve Pakistan’s healthcare system, especially in Punjab.” He handed over $2 million worth of oxygen commodities to 37 hospitals in Punjab at…