Gold price plunges by Rs4,200 per tola in Pakistan

02:54 PM | 5 Dec, 2023
Gold price plunges by Rs4,200 per tola in Pakistan
Source: File Photo

KARACHI – Gold witnessed massive decline in domestic market of Pakistan on Tuesday in line with international downward trend.

Data shared by the All Pakistan Gems and Jewellers Association showed per tola gold price dropped by Rs4,200 to settle at Rs219,400.

Similarly, the price for 10-gram gold plunged by Rs3,601 to reach Rs188,100.

In the international market, the price for the yellow metal dropped by $20 per ounce to $2,057.

Meanwhile, the silver prices decreased by Rs20 per tola to Rs2,600 and Rs17.14 per 10 grams to Rs2,229.08.

A day earlier, gold prices in Pakistan remained unchanged on Monday after registering massive gains in previous business week.

The per tola price witnessed no change as it was traded at Rs232,600 in domestic market while the 10-gram gold price stood at Rs191,701.


Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91


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