KARACHI – The price of gold plummeted once more on Tuesday in Pakistan as the rate of the precious metal varies on the global market due to unpredictability around the US debt ceiling.
The price of per tola gold decreased by Rs2,000 to close at Rs233,100 while the price of 10 grams of 24 carats gold went down by Rs1,714 to settle at Rs199,846, according to the All-Pakistan Sarafa Gems and Jewellers Association’s (APSGJA) data.
In the international market, the price of the precious commodity decreased by $9 to settle at $2,006 per ounce.
Meanwhile, the price of silver remained also decreased by Rs50 per tola and Rs42.86 per 10gm to settle at Rs2,950 per tola and Rs2,529.14 per 10 grams, respectively.
KARACHI – The Pakistani rupee continued its positive trajectory against the US dollar in the interbank market on Thursday with the local currency’s recovery relating to crackdown launched against hoarders and outflows of the foreign currency through unlawful means.
During the intraday trading, PKR moved up against the USD, and hovered at 287.73, with an increase of Rs1.04, in the interbank market.
Yesterday, the Pakistani rupee appreciated 0.36pc to settle at 288.75.
Last week, the government said a crackdown to prevent cross-border smuggling was initiated across Pakistan. The country’s central bank also stepped up supervision of the foreign exchange market, ordering banks to set up separate entities to conduct forex transactions.
The SBP also introduced structural reforms in the exchange companies’ sector to provide better services and to ensure a transparent system.
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,600 on Thursday.
The price of 10 grams of 24k gold was recorded at Rs 177,700. Likewise, 10 grams of 22k gold were being traded for Rs168,730 while a single tola of 22-karat gold was being sold at Rs196,807.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 202,600||PKR 2,495|
|Karachi||PKR 202,600||PKR 2,495|
|Islamabad||PKR 202,600||PKR 2,495|
|Peshawar||PKR 202,600||PKR 2,495|
|Quetta||PKR 202,600||PKR 2,495|
|Sialkot||PKR 202,600||PKR 2,495|
|Attock||PKR 202,600||PKR 2,495|
|Gujranwala||PKR 202,600||PKR 2,495|
|Jehlum||PKR 202,600||PKR 2,495|
|Multan||PKR 202,600||PKR 2,495|
|Bahawalpur||PKR 202,600||PKR 2,495|
|Gujrat||PKR 202,600||PKR 2,495|
|Nawabshah||PKR 202,600||PKR 2,495|
|Chakwal||PKR 202,600||PKR 2,495|
|Hyderabad||PKR 202,600||PKR 2,495|
|Nowshehra||PKR 202,600||PKR 2,495|
|Sargodha||PKR 202,600||PKR 2,495|
|Faisalabad||PKR 202,600||PKR 2,495|
|Mirpur||PKR 202,600||PKR 2,495|