Tag: interbank market
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Gold price drops by Rs2,000 per tola as Pakistani rupee gains ground against US dollar
The gold price in Pakistan experienced a significant decline of more than Rs2,000 per tola, owing to the appreciation of the local currency against the US dollar in the interbank market.
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US dollar surges against Pakistani rupee for eighth consecutive day in interbank market
At the start of the daily trading session in the interbank market, the American currency gained Rs1.8, reaching a value of Rs289 against the local currency. Over the course of the last eight days, the US dollar has gained Rs12.50 against the rupee in the interbank market.
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Gold price increases by Rs6,200 to Rs221,000 per tola
On Tuesday, the gold price in Pakistan experienced a significant increase, aligning with the international market trends and the depreciation of the Pakistani rupee.
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US dollar surges by Rs1.90, closes at Rs279.80 against Pakistani rupee
According to the State Bank of Pakistan, the US dollar demonstrated further appreciation against the Pakistani rupee in the interbank market on Monday.
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Gold market bounces back with second consecutive price increase of Rs1,800 to Rs207,800 per tola
The price of gold in Pakistan has experienced a notable increase for the second consecutive session, following a prolonged period of decline subsequent to the $3 billion deal with the International Monetary Fund (IMF).
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Pakistani rupee gains Rs15 versus US dollar during intraday trade
In the aftermath of securing last-minute funding from the International Monetary Fund (IMF), the Pakistani rupee exhibited a substantial gain of Rs15 against the US dollar in the interbank market on Tuesday.
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Pakistani rupee records slight increase against US dollar, settles at Rs285.99
The State Bank of Pakistan reported that the Pakistani Rupee (PKR) maintained an upward trajectory against the US dollar in the interbank foreign exchange market on Tuesday.
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Gold price drops by Rs1,500 per tola in Pakistan amidst global market slump
On Friday, the price of gold in Pakistan witnessed a decline of Rs1,500 per tola, losing its luster due to a decrease in the international market.
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Fourth consecutive decline: Gold price drops by Rs1,800 to Rs218,700 per tola
In line with the reduction in international rates, the per tola gold price in Pakistan experienced a significant decline of Rs1,800 on Wednesday. This marks the fourth consecutive day of falling prices for the precious metal. The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) released data indicating that the price of 24-carat gold decreased by…
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Google’s technical glitch causes panic with incorrect US dollar rate of Rs186 instead of Rs286
Late Tuesday night, a technical malfunction on Google Search caused a momentary panic among investors and observers as the value of the US dollar plunged in comparison to the Pakistani rupee. The unexpected drop to Rs186.73 bewildered many, especially considering that the local currency hadn’t experienced a significant rebound recently.