Connect with us

Business

Pakistan sees an all-time high in gold prices.

Published

on

24 carat gold’s price per tola jumped by Rs700 to a record high of Rs260,700 on Tuesday, up from its sale at Rs260,000 on the previous trading day.

Ten grams of 24 carat gold cost Rs600 more than 22 grams of 22 carat gold, which was previously priced at Rs222,908, while ten grams of 22 carat gold cost Rs204,882 instead of Rs204,332, according to the All Sindh Sarafa Jewellers Association.

Silver prices per tola and per ten grams stayed steady at Rs2,950 and Rs2,529.14, respectively.

According to the Association, the price of gold went up $10 on the global market, from $2,502 to $2,512.

Business

With a loss of 32 paisas, the US dollar is now trading at 277 rupees on the interbank market.

Published

on

By

In the Interbank market, the United States dollar is currently trading at 277 rupees and 63 paise, indicating a depreciation of 32 paise. Yesterday, it reached a closing price of 277 rupees and 95 paise on the Interbank market.

Continue Reading

Business

The price of gold has skyrocketed in Pakistan.

Published

on

By

Pakistan’s gold price recovered on Friday following a sharp drop the day before, mirroring worldwide market patterns.

According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold per tola rose by Rs2,000 in the local market, ending at Rs278,800.

Likewise, the cost of 10 grams of 24-karat gold increased by Rs1,715 to Rs239,026.

With an extra $20 premium, the price of gold increased by $21 on Friday to $2,683 per ounce on the global market as well.

Continue Reading

Business

The PSX-100 index reaches a record high and surpasses 93,000 points.

Published

on

By

Historically, the Pakistan Stock Exchange (PSX) exceeded the 93,000-point threshold for the first time, with the KSE-100 index increasing by 480 points to attain a record high of 93,001 points.

A significant milestone was reached on the final business day of the week, establishing a new record for the nation’s stock market.

Economists ascribe the market’s expansion to expectations of an enhanced economic rating for Pakistan and a favorable perspective on economic reforms. The session commenced positively, with the 100 index initially increasing by 250 points, reaching 92,770 points prior to the day’s zenith. The market concluded the prior day at 92,520 points.

Simultaneously, the Pakistani rupee appreciated as the dollar decreased by 20 paisa in the interbank market, now valued at 277.75 rupees. Economists attribute this enhancement to heightened remittances and a current account surplus, which have strengthened the rupee’s status.

Continue Reading

Trending