City Sarafa bazaars and markets in gold ‘s price has sustained steady growth trend, saw a decline in the rupee value against the dollar and other currencies.
According to the details, the rupee depreciated further in the market, the rupee became cheaper and the price of gold rose. The rupee depreciated against the dollar and other currencies in the market, with the dollar gaining 18 paise to Rs 167.64 at the end of trading in the interbank market, according to the SBP.
In two days, the dollar rose by 66 paise, the dollar in the open market became 167 rupees 20 paise, gold in the global market was not expensive, but the devaluation of the rupee in Pakistan, the price of gold per tola reached a new all-time high. According to the Sindh Barter Association, the price of gold in Pakistan has increased by Rs 400 per tola to Rs 123,900 for the first time in the history of the country.
On the other hand, the stock market was down, the Pakistan Stock Exchange started trading fast yesterday, and the Hundred Index rose 450 points to 40,000, but the market fell during trading. The Hundred Index closed at 39,577, down 294 points at the close of trading, with a total loss of Rs 63 billion in the market.
It is to be noted that after an increase of Rs. 1300 in recent days, pure 24 carat gold per tola had reached a new height.
Extracted from City42 News
