Tag: market analysis
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Second consecutive decline: Gold price drops by Rs900 per tola in Pakistani markets
Gold sustained its downward trend for the second consecutive session on Saturday, experiencing a decline of Rs900 per tola in the Pakistani gold market.
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Gold price in Pakistan registers Rs2,200 per tola single-day surge
On Thursday, the price of gold in Pakistan once again saw an upward trend, mirroring the global surge in rates.
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Gold price in Pakistan dips to Rs218,000 per tola
In a reversal of its recent upward trend, the price of gold in Pakistan saw a decline on Thursday, with the value of 24-karat gold dropping by Rs500 per tola and settling at Rs218,000.
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Gold price in Pakistan settles at Rs216,800 per tola
In a noteworthy shift, the per-tola price of 24 karat gold witnessed a decrease of Rs1,800, settling at Rs216,800 on Saturday.
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PSX hits historic high: KSE-100 index surpasses 59,000 mark for the first time
The Pakistan Stock Exchange (PSX) extended its impressive performance, achieving a historic milestone as the benchmark KSE-100 Index surpassed the 59,000 mark for the first time ever on Friday.
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Gold price in Pakistan surge with global trend, reach Rs216,500 per tola
On Friday, gold prices in Pakistan experienced a notable uptick, mirroring the global surge in rates.
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Pakistani rupee snaps 10-day depreciation streak against US dollar with 0.02% gain
The Pakistani rupee (PKR) finally terminated its ten-session depreciation streak against the US dollar on Friday as the local currency concluded trading at Rs305.47 versus the greenback. The State Bank of Pakistan (SBP) reported a modest appreciation of Re0.07, or 0.02 per cent, when compared to the previous day’s closing rate.
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Pakistani rupee ends the day at another record low of Rs305.54 versus US dollar, losing Rs1.09
Pakistani rupee is nearing another historic low in the interbank market on Thursday.
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Pakistani rupee hits new all-time low of Rs304.445 after declining by Rs1.38 against US dollar
In the interbank session held on Wednesday, the Pakistani rupee (PKR) exhibited a decline of 1.39 rupees against the US dollar (USD). The closing exchange rate for the day stood at Rs304.445 per USD, in contrast to the concluding rate of Rs303.052 per USD observed in the preceding session.
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Pakistani rupee plunges to fresh record low of Rs303 against US Dollar
In a worrisome turn of events, the Pakistani rupee has continued its steady descent, hitting a new record low against the US dollar and raising concerns among economic analysts and policymakers. The local currency settled at Rs303.05 in the inter-bank market on Tuesday, marking a significant drop from its previous standing.