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Pakistani rupee slips against US dollar
KARACHI - Interbank market for the Pakistani rupee saw a small decline of 0.11% against the US dollar on Monday.
The rupee decreased by Re0.32 in the interbank market to close at Rs279.12, according to the State Bank of Pakistan (SBP).
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Currency traders claim that the rise in demand for the US dollar to enable international payments was one cause in the rupee's decline.
Pakistani rupee lost ground to the US dollar on the open market aswell. According to currency brokers, the rupee was trading at 281 and being purchased at 278.
For both purchasing and selling over the previous week, the PKR lost 3.50 rupees against the USD, finishing at 277.50 and 280.50, respectively.
It's important to remember that the Pakistani rupee had a spectacular 28-session winning streak, one of the longest gains in the recent past. Since its interbank market record low of 307.1 on September 5, it has grown by a total of 10.93%.
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Pakistani rupee exchange rate to US dollar, Euro, Pound, Dirham, and Riyal - 4 Dec 2023
Pakistani rupee's value remained stable against US dollar, Euro, Pound, Dirham, Riyal and other currencies in the open market.
Dollar Rate in Pakistan Today
On Monday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.
Euro rate stands at 309.9 for buying and 310.5 for selling. British Pound GBP rate stands at 359.4 for buying, and 360.05 for selling.
UAE Dirham AED currently hovers around 77.45 while rate of Saudi Riyal stands at 75.82.
Today’s currency exchange rates in Pakistan – 4 December 2023
| Currency | Symbol | Buying | Selling |
|---|---|---|---|
| US Dollar | USD | 285.15 | 287.95 |
| Euro | EUR | 309.9 | 310.5 |
| UK Pound Sterling | GBP | 359.4 | 360.05 |
| U.A.E Dirham | AED | 77.45 | 77.6 |
| Saudi Riyal | SAR | 75.82 | 75.97 |
| Australian Dollar | AUD | 187.72 | 188.22 |
| Bahrain Dinar | BHD | 759.94 | 767.94 |
| Canadian Dollar | CAD | 209.99 | 210.49 |
| China Yuan | CNY | 39.78 | 39.88 |
| Danish Krone | DKK | 41.95 | 42.05 |
| Hong Kong Dollar | HKD | 36.38 | 36.48 |
| Indian Rupee | INR | 3.39 | 3.5 |
| Japanese Yen | JPY | 1.49 | 1.56 |
| Kuwaiti Dinar | KWD | 926.39 | 935.39 |
| Malaysian Ringgit | MYR | 60.38 | 60.98 |
| New Zealand Dollar | NZD | 173.44 | 175.44 |
| Norwegians Krone | NOK | 26.25 | 26.55 |
| Omani Riyal | OMR | 742.16 | 750.18 |
| Qatari Riyal | QAR | 78.5 | 79.2 |
| Singapore Dollar | SGD | 212.45 | 212.95 |
| Swedish Korona | SEK | 27.09 | 27.19 |
| Swiss Franc | CHF | 325.38 | 325.88 |
| Thai Bhat | THB | 8.05 | 8.09 |
Gold prices in Pakistan move down despite positive global cues
The gold remained under pressure as the precious metal moved down despite an upward trend in the international market.
Gold Rates in Pakistan Today - 4 December 2023
On the first day of the week, the price of a single tola of 24-karat gold stands at Rs217,000 and 10 grams of 24k gold costs Rs186,043
A single tola of 22-karat gold costs Rs170,539, while 21 karat rate for each tola is Rs. 192,325 and the price of 18k gold is Rs164,850.
In the global market, gold prices hover at around $2086, gaining $14.44 on Monday.
Today Gold Rate in Pakistan
| City | Gold | Silver |
| Lahore | PKR 217,000 | PKR 2,720 |
| Karachi | PKR 217,000 | PKR 2,720 |
| Islamabad | PKR 217,000 | PKR 2,720 |
| Peshawar | PKR 217,000 | PKR 2,720 |
| Quetta | PKR 217,000 | PKR 2,720 |
| Sialkot | PKR 217,000 | PKR 2,720 |
| Attock | PKR 217,000 | PKR 2,720 |
| Gujranwala | PKR 217,000 | PKR 2,720 |
| Jehlum | PKR 217,000 | PKR 2,720 |
| Multan | PKR 217,000 | PKR 2,720 |
| Bahawalpur | PKR 217,000 | PKR 2,720 |
| Gujrat | PKR 217,000 | PKR 2,720 |
| Nawabshah | PKR 217,000 | PKR 2,720 |
| Chakwal | PKR 217,000 | PKR 2,720 |
| Hyderabad | PKR 217,000 | PKR 2,720 |
| Nowshehra | PKR 217,000 | PKR 2,720 |
| Sargodha | PKR 217,000 | PKR 2,720 |
| Faisalabad | PKR 217,000 | PKR 2,720 |
| Mirpur | PKR 217,000 | PKR 2,720 |
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