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Gold maintains upside traction in Pakistan

02:55 PM | 28 Nov, 2023
Gold maintains upside traction in Pakistan
Source: File Photo

KARACHI – Gold maintained its gaining streak for second consecutive day of the business week in line with international trend.

Data shared by the All Pakistan Gems and Jewellers Association shows per tola gold price increased by Rs800 to settle at Rs218,400.

Similarly, the price for 10-gram gold surged by Rs686 to reach Rs187,243.

In international market, precious metal went up by $3 to settle at $2,033 per ounce.

A day earlier, per tola gold price went up by Rs1,100 to settle at Rs217,600 while the price for 10-gram gold surged by Rs943 to reach Rs186,557.

Meanwhile, Pakistani rupee continued to witness further losses against US dollar in the open market on Tuesday despite positive economic indicators and massive surge in stock market.

Pakistan Stock Exchange (PSX) advanced its positive trajectory on Tuesday, as the benchmark KSE-100 Index crossed 60,000 points level for the first time in history.

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

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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