At the end of the business day, the dollar appreciated against the rupee in the interbank market and the dollar rose 23 paise in the interbank market.
At the end of the second day of the business week, the dollar rose against the Interbank Foreign Exchange (IFEX) and closed at 166.95 paise, up 23 paise. Forex dealers say that at a time when the country’s foreign exchange reserves are rising, the rise in the value of the dollar is beyond comprehension, so the government should control the rise in the value of the dollar.
On the other hand, gold did not become expensive in the world market, but the devaluation of the rupee, but the price of gold per tola in Pakistan reached a new all-time high of one hundred and five thousand nine hundred rupees. With the increase of one thousand rupees, the price for the first time in the history of the country became one hundred and five thousand nine hundred rupees. One hundred and twenty-six rupees per ten grams.
During trading in the global market, the price of gold per ounce remained at 1,776. According to the association, the price of gold is increasing due to the depreciation of the rupee against the dollar in the market.
Extracted from City42 News