KARACHI – As the Pakistani rupee currency continues to lose ground since the government allowed free floating of exchange rates, the price of per tola gold surpassed Rs200,000 mark for the first time in the history of Pakistan.
According to All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24 carats of gold witnessed an increase of Rs7,000 to reach Rs202,500 while the price of 10 grams settled at Rs173,619 after a surge of Rs6,000.
Earlier in the day, Pakistani rupee continued its losing streak against the greenback. The local currency plummeted to Rs262.60 against the dollar in the interbank market on Friday, sliding 2.73 per cent from yesterday’s close of Rs255,43.
The jump in gold prices comes as weakening rupee valued pushed investors to the safety of bullion to hedge against deepening economic turmoil in the country.
Daily Pakistan Global Web Desk
KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 22, 2023 (Wednesday).
Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency | Symbol | Buying | Selling |
US Dollar | USD | 283.6 | 286.65 |
Euro | EUR | 301 | 304 |
UK Pound Sterling | GBP | 344.5 | 348 |
U.A.E Dirham | AED | 77.2 | 78 |
Saudi Riyal | SAR | 75.4 | 76.2 |
Australian Dollar | AUD | 187 | 189.4 |
Bahrain Dinar | BHD | 749.75 | 757.76 |
Canadian Dollar | CAD | 207.5 | 209.7 |
China Yuan | CNY | 40.91 | 41.31 |
Danish Krone | DKK | 40.59 | 40.99 |
Hong Kong Dollar | HKD | 35.9 | 36.25 |
Indian Rupee | INR | 3.41 | 3.52 |
Japanese Yen | JPY | 2.06 | 2.11 |
Kuwaiti Dinar | KWD | 919.58 | 928.58 |
Malaysian Ringgit | MYR | 62.85 | 63.45 |
New Zealand Dollar | NZD | 176.66 | 178.66 |
Norwegians Krone | NOK | 26.33 | 26.61 |
Omani Riyal | OMR | 732.14 | 740.14 |
Qatari Riyal | QAR | 77.42 | 78.12 |
Singapore Dollar | SGD | 208 | 210 |
Swedish Korona | SEK | 26.5 | 26.8 |
Swiss Franc | CHF | 304.1 | 306.6 |
Thai Bhat | THB | 8.26 | 8.41 |
KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 202,400 on Wednesday. The price of 10 grams of 24k gold was recorded at Rs173,500.
Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.
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.
City | Gold | Silver |
Lahore | PKR 202,400 | PKR 2,375 |
Karachi | PKR 202,400 | PKR 2,375 |
Islamabad | PKR 202,400 | PKR 2,375 |
Peshawar | PKR 202,400 | PKR 2,375 |
Quetta | PKR 202,400 | PKR 2,375 |
Sialkot | PKR 202,400 | PKR 2,375 |
Attock | PKR 202,400 | PKR 2,375 |
Gujranwala | PKR 202,400 | PKR 2,375 |
Jehlum | PKR 202,400 | PKR 2,375 |
Multan | PKR 202,400 | PKR 2,375 |
Bahawalpur | PKR 202,400 | PKR 2,375 |
Gujrat | PKR 202,400 | PKR 2,375 |
Nawabshah | PKR 202,400 | PKR 2,375 |
Chakwal | PKR 202,400 | PKR 2,375 |
Hyderabad | PKR 202,400 | PKR 2,375 |
Nowshehra | PKR 202,400 | PKR 2,375 |
Sargodha | PKR 202,400 | PKR 2,375 |
Faisalabad | PKR 202,400 | PKR 2,375 |
Mirpur | PKR 202,400 | PKR 2,375 |
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