The Weakening Rupee and its fluctuating exchange rate against the dollar have become a matter of concern in the interbank market. On Tuesday, the rupee experienced a significant depreciation of Rs2.46 against the dollar, dampening the initial optimism surrounding the agreement with the International Monetary Fund (IMF). Understanding the Exchange Rate Movement According to the… Read More »
The Pakistani rupee witnessed a significant surge in the interbank market on Tuesday, following a breakthrough deal with the International Monetary Fund (IMF). Bullish Trend in Currency Market Inspired by Pakistan Stock Exchange (PSX) Taking inspiration from the remarkable 5.9% surge in the Pakistan Stock Exchange (PSX) during the first trading session on Monday, the… Read More »
Decrease in International Market Reflects on Gold Price The gold price in Pakistan has experienced a decline of Rs1,500 per tola, following the decrease in the international market. This downward trend has been observed due to various factors impacting the global economy. Gold Rate Drops Significantly The All-Pakistan Sarafa Gems and Jewellers Association (APSGJA) has… Read More »
In a positive development for investors, the price of gold in Pakistan has witnessed a decline for the third consecutive session. This decline can be attributed to the nominal gains made by the local currency against the dollar on Tuesday. In this article, we will delve into the latest trends in the gold market and… Read More »