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Gold price moves up by Rs2,400 per tola in Pakistan

02:44 PM | 16 Apr, 2024
Gold price moves up by Rs2,400 per tola in Pakistan
Source: File Photo

KARACHI – Gold rates in Pakistan continued to increase for second consecutive day of running business week in line with rising international prices.

Data shared by All Pakistan Gems and Jewellers Association showed per tola gold price went up by whooping Rs2,400 to close at Rs249,700.

Similarly, the price of 10-gram gold surged by Rs2,057 to settle at Rs214,077.

In international market, the price of per ounce gold increased by $20 to close at $2,371.

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.

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Pakistani Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 May 2024

Pakistani currency rates against US Dollar and other currencies on May 28, 2024 (Tuesday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.25 for selling.

Euro stands at 298 for buying and 301 for selling while British Pound rate is 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal increased to 73.45.

Source: Forex Association of Pakistan. (last update 08:00 AM)

Currency Symbol Buying Selling
US Dollar USD 277.4 280.25
Euro EUR 298 301
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.25 75.9
Saudi Riyal SAR 73.45 74.2
Australian Dollar AUD 183 184.8
Bahrain Dinar BHD 740.03 748.03
Canadian Dollar CAD 203 205
China Yuan CNY 38.42 38.82
Danish Krone DKK 40.44 40.84
Hong Kong Dollar HKD 35.62 35.97
Indian Rupee INR 3.35 3.46
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 904.07 913.07
Malaysian Ringgit MYR 59.05 59.65
New Zealand Dollar NZD 170.03 172.03
Norwegians 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 7.6 7.75

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