LAHORE – Gold rates in Pakistan continue to move up as the yellow metal hit record high in the international market.
On the first working day of the week, the price of yellow metal reached Rs247,300 in the local market after single day gain of Rs800.
On Monday, the price of 10 grams of 24-karat gold saw increase of Rs686 and the new rate stands at Rs212,020.
Furthermore, the price of 10 grams of 22-karat gold also showed a surge to trade at Rs194,351.
These movements are closely linked to changes in the value of the US Dollar, indicating the close relationship between currency values and gold prices. This underscores the impact of global economic factors on local gold markets.
In global market, the precious metal moved down $16, reaching $2,348 per ounce on Monday.
Pakistani currency rates against US Dollar and other currencies on May 26, 2024 (Sunday) in open market.
US dollar was being quoted at 277.25 for buying and 280 for selling.
Euro moved down to 297 for buying and 300 for selling while British Pound rate is 349.5 for buying, and 353 for selling.
UAE Dirham AED was at 75.15 and Saudi Riyal came down to 73.35.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.15 | 280.15 |
Euro | EUR | 297 | 300 |
UK Pound Sterling | GBP | 349.5 | 353 |
U.A.E Dirham | AED | 75.15 | 75.85 |
Saudi Riyal | SAR | 73.35 | 74.1 |
Australian Dollar | AUD | 183 | 184.8 |
Bahrain Dinar | BHD | 740.75 | 748.75 |
Canadian Dollar | CAD | 203 | 205 |
China Yuan | CNY | 38.47 | 38.87 |
Danish Krone | DKK | 40.52 | 40.92 |
Hong Kong Dollar | HKD | 35.68 | 36.03 |
Indian Rupee | INR | 3.35 | 3.46 |
Japanese Yen | JPY | 1.91 | 1.99 |
Kuwaiti Dinar | KWD | 907.57 | 916.57 |
Malaysian Ringgit | MYR | 59.39 | 59.99 |
New Zealand Dollar | NZD | 170.03 | 172.03 |
Norwegian Krone | NOK | 25.92 | 26.22 |
Omani Riyal | OMR | 723.64 | 731.64 |
Qatari Riyal | QAR | 76.42 | 77.12 |
Singapore Dollar | SGD | 203 | 205 |
Swedish Korona | SEK | 26.02 | 26.32 |
Swiss Franc | CHF | 304.75 | 307.25 |
Thai Bhat | THB | 7.67 | 7.82 |
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