Gold soars to Rs113,600 per tola as Rupee closes lifetime low

MG News | September 15, 2021 at 06:17 PM GMT+05:00

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September 15, 2021 (MLN): Gold prices in Pakistan recorded an increase of Rs900 to Rs113,600 per tola on Wednesday due to weakening of the Rupee against USD.

Since rupee-dollar parity impacts local pricing, the PKR closed a new lifetime low of Rs169.12 against USD in the interbank market on Wednesday.

Similarly, the price of 10-gram 24 karat gold inflated by Rs772 to clock in at Rs97,394 while 10-gm 22 karat gold traded at Rs89,278 against Rs88,570 yesterday, Karachi Sarafa Association reported.

On the other hand, the price of 24-karat silver witnessed a drop of Rs20 and traded at Rs1,410 while the price of 10-gram silver decreased by Rs17.16 to close at Rs1,208.84.

In the International market, the demand for gold moved up by $16 to trade at $1,803 an ounce on prospects of lower interest rates while silver was valued at $23.82 an ounce.

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KSE30	42,245.29 72.45M	1.68% 699.06
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,600.00	119,915.00 118,035.00	-1030.00 -0.86%
BRENT CRUDE	68.59	69.01 68.31	0.07 0.10%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	0.95 0.99%
ROTTERDAM COAL MONTHLY	104.50	0.00 0.00	-0.65 -0.62%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.57	66.99 66.29	0.19 0.29%
SUGAR #11 WORLD	16.77	16.82 16.54	0.21 1.27%