Gold rates further decline by Rs7,800 per tola to Rs240,900

ISLAMABAD (APP) – The per tola price of 24 karat gold decreased further by Rs7,800 and was sold at Rs240,900 on Tuesday compared to its sale at Rs248,700 on last trading day.

The price of 10 grams of 24 karat gold also decreased by Rs6,687 to Rs206,533 from Rs213,220 whereas the prices of 10 gram 22 karat gold went down to Rs189,322 from Rs195,452.

The price of per tola silver decreased by Rs100 to Rs2,650 from Rs2,750 whereas that of 10 gram silver declined by Rs85.74 to Rs2,271.9 from Rs2,357.68. The price of gold in the international market decreased by $72 to $2,309 from $2,381.

PSX loses 74 points

The 100-Index of Pakistan Stock Exchange (PSX) shed 74.06 points, a slight negative change of 0.10 percent, closing at 71,359.41 points against 71,433.46 points the previous trading day.

A total of 655,935,508 shares valuing Rs.24.485 billion were traded during the day as compared to 655,205,105 shares valuing Rs. 31.248 billion the last day.

Some 371 companies transacted their shares in the stock market; 170 of them recorded gains and 179 sustained losses, whereas the share prices of 22 remained unchanged.

Rupee sheds 04 paisa against dollar

The Pakistani rupee depreciated by four paisa against the US dollar in the interbank trading and closed at Rs 278.37 against the previous day’s closing of Rs278.33.

The buying and selling rates of the dollar in the open market stood at Rs 277.5 and Rs 280.25 respectively. The price of the Euro increased by 53 paisa to close at Rs 297.16 against the last-day closing of Rs 296.63, according to the State Bank of Pakistan (SBP).

The Japanese Yen remained unchanged to close at Rs 1.79, whereas a decrease of 28 paisa was witnessed in the exchange rate of the British Pound, which was traded at Rs343.98 compared to the last closing of Rs 344.26.

The Emirates Dirham and the Saudi Riyal increased by one paisa each to close at Rs75.79 and Rs74.21.