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Gold prices remain unchanged in Pakistan

02:37 PM | 12 Feb, 2024
Gold prices remain unchanged in Pakistan
Source: File Photo

KARACHI – Gold prices remained unchanged in domestic market of Pakistan despite downward trend in international market on first day of the business week.

Data shared by All Pakistan Gems and Jewellers Association showed per tola gold price stood at Rs214,300.

Similarly, the price of the 10-gram gold remained unchanged at Rs183,728.

In international market, the price of the precious metal decreased by $2 to settle at $2,043 per ounce.

Meanwhile, the silver prices remained unchanged at Rs2,600 per tola and Rs2,229.08 per 10-gram in Pakistan.

On the other hand, Pakistan Stock Exchange (PSX) KSE 100 continues with a bearish trend on Monday, losing 800 more points, as investors fell to uncertainty after the election results started coming out.

In early hours of Monday, the benchmark KSE-100 declines and currently hovering at 61529 points.

Experts attribute the fall in PSX to delay in election results while panic-hit investors remain cautious to avoid blows.

The change at PSX speaks of unexpected unofficial results as so far it is behind a smoke screen that which party will form the government in the country of 240 million.

The election outcome points to increased political instability, casting darker shadow over growth and prospects for securing IMF aid the Asian country needs.

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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
 
26.66
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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