Tag: international market
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Petroleum prices expected to decline as rupee gains ground against US dollar
As reported by Geo News on Saturday, there’s an expectation that starting on October 1st, petroleum prices will see a decrease due to the stability of the Pakistani rupee (PKR) against the US dollar (USD). This shift is also attributed to a decline in international market prices.
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Govt raises petrol price by Rs26.02 per litre, diesel by Rs17
On Friday night, the interim government implemented a significant adjustment in fuel prices. The cost of petrol rose by Rs26.02 per litre, reaching a new rate of Rs331.38 per litre, while high-speed diesel (HSD) saw an increase of Rs17.34 per litre, settling at Rs329.18 per litre.
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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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Gold price increases to Rs209,000 per tola amid depreciation of Pakistani rupee
As per the data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-carat gold rose by Rs800 per tola and Rs686 per 10 grammes, reaching Rs209,000 and Rs179,184 respectively.
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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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Gold price in Pakistan drops by more than Rs5,700 per tola in two days
On Tuesday, the price of gold in Pakistan continued its downward trend, influenced by post-budget concerns and the impending cyclone Biparjoy, resulting in a deserted market. The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) provided data indicating a decrease in the price of gold (24 carats) by Rs4,000 per tola and Rs3,430 per 10…
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Pakistan to pay for Russian oil in Chinese yuan, shipping expected in June
According to a senior official from Pakistan’s Ministry of Energy, the country is expected to pay for a test cargo of 750,000 barrels of Russian oil in Chinese Yuan. The cargo is set to dock in Pakistan in June, with a possibility of arrival by the end of May. It has been suggested that the…
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Historic high: Gold price in Pakistan soars to record-breaking Rs225,300 per tola
Pakistan’s economic turmoil and an increase in international gold rates have led to a new high in the value of the precious metal in the country. According to data provided by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the rate of gold (24 carats) surged by Rs2,600 per tola and Rs2,229 per 10…