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Gold continues downward journey for fourth straight day
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[ad_1] Gold bangles are displayed at a jewellery store in this undated file photo. — AFP KARACHI: The domestic gold prices continued its losing streak for the fourth consecutive day on Thursday, in line with the international rates. According to data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the domestic price of…
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Gold continues its downward spiral in Pakistan
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[ad_1] An undated file image of gold sets displayed at a jewellery store. — AFP/File KARACHI: Domestic gold prices continued a downward streak for the second consecutive day on Tuesday as the local unit depreciated by 0.48% or Rs1.46 against the greenback in the interbank market. According to data released by the All-Pakistan Sarafa Gems…
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PSX crashes as rupee continues to struggle against USD | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market crashed on Thursday while the rupee also maintained its downturn amid rising concerns related to stagflation and a deepening economic crisis. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index dropped by over 1,750 points or almost 3.8%, slipping well below 44,500 points. Speaking to The Express Tribune, Topline Securities CEO…
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Rupee at new low as losing streak continues | The Express Tribune
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[ad_1] KARACHI: As efforts continued to narrow the gap between exchange rates, Pakistani rupee hit a new all-time low at Rs304.45 against the US dollar in the inter-bank market on Wednesday, stoking fears that inflation would remain at elevated levels and dent economic activities. According to the State Bank of Pakistan’s (SBP) data, the rupee…
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PSX drops by 850 points, rupee continues to slide | The Express Tribune
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[ad_1] KARACHI: The Pakistan stock market slumped on Tuesday along with record rupee depreciation, as domestic capital markets expect a further hike in the key policy rate by the central bank to control rising inflation. Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index dropped around 1.6%, or 850 points, to 46,625 points at about 2pm on…
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Gold continues gaining streak in Pakistan
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[ad_1] A shopkeeper waits for customers at his gold jewellery store in Hyderabad’s Resham Bazar on November 12, 2020. — APP KARACHI: The price of gold jumped for the third time in Pakistan on Thursday despite the international rates declining following a strong US economy. The price of gold (24 carats) increased by Rs1,200 per…
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Gold continues downward trajectory for sixth session
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[ad_1] An undated image of a customer looking at a gold set in the market. — AFP/File KARACHI: The gold price in Pakistan continued to lose its shine as it fell by Rs1,500 per tola on Friday due to the decrease in the international market. According to the data released by All-Pakistan Sarafa Gems and…
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Gold price in Pakistan continues downward trajectory
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[ad_1] Gold bangles are displayed at a jewellery store in this undated file photo. — AFP/File KARACHI: The gold price in Pakistan on Tuesday continued to lose its shine for the second consecutive day this week due to several reasons including the market being deserted ahead of cyclone Biparjoy. The price of gold (24 carats)…
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Gold continues to lose shine, falls by Rs1,750 in Pakistan
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[ad_1] An undated image of gold jewellery displayed at a store. — AFP KARACHI: The gold prices in Pakistan continued to decline on Monday in line with the depreciation of the rupee against the dollar. The price of gold (24 carats) lost Rs1,750 per tola and Rs1,500 per 10 grams to settle at Rs225,500 and…
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Rupee continues to slide as FX reserves decline | The Express Tribune
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[ad_1] KARACHI: The Pakistani currency faced further depreciation for the third consecutive working day, with the rupee sliding by 0.07% or Rs0.20 against the US dollar in the interbank market, reaching Rs285.82 on Friday. This decline comes as a result of reduced supplies of foreign currency, which has put pressure on the rupee. In the…
