The Pakistani rupee depreciated by 0.03 percent against the US Dollar in the interbank market, closing at 278.48 after losing nine paisas. Open market rates ranged between 278 and 279. The gold price increased, with the per tola price reaching Rs242,500 in the local market and internationally trading at $2,322 per ounce.
The Pakistani rupee continues downward trend against the US Dollar in the interbank market on Thursday, SBP said.
The PKR depreciated by 0.03 percent to close at 278.48 after losing nine paisas against the dollar today.
Open market rates across multiple currency counters were in the 278-279 level today.
Gold rates
The gold prices in Pakistan continue to increase in Pakistan as per tola price reached Rs242,500 in the local market, ARY News reported quoting All Sindh Sarafa Jewellers Association reported.
The per tola price of 24 karat gold witnessed an increase of Rs500 to trade at Rs242,500 in the local market.
Similarly, the price of 10 grams of 24 karat gold reached at Rs 207,905.
Internationally, the gold price was trading at $2,322 per ounce.
In recent days, we have witnessed the depreciation of the Indian rupee against the US dollar in the interbank market. This phenomenon has sparked concerns and discussions within the financial community, as it has implications for various economic sectors and international trade. The fluctuation in exchange rates plays a crucial role in shaping the economic landscape of a country, and understanding the reasons behind such movements can provide valuable insights. In this article, we will delve into the factors contributing to the recent depreciation of the rupee and explore its potential impact on the economy. Stay tuned for a comprehensive analysis of this significant development.
Source: ARY NEWS
Rupee, US dollar, interbank market, PKR, depreciation, open market rates, gold prices, tola price, 24 karat gold, local market, All Sindh Sarafa Jewellers Association, international, $2,322 per ounce. Pakistani rupee continues downward trend against US Dollar in interbank market. PKR depreciated by 0.03 percent, reaching 278.48 after losing nine paisas. Open market rates around 278-279 level. Gold prices in Pakistan increased with tola price at Rs242,500, up Rs500. Similarly, 10 grams of 24 karat gold at Rs207,905. Internationally, gold price at $2,322 per ounce.
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