Gold prices fall further in Pakistan; check today’s rates

Gold prices in Pakistan decreased for second consecutive day in line with decline in global prices on Friday.

According to Sarafa Association, per tola gold price plunged by Rs800 to settle at Rs282,300, whereas the price of 10-gram dropped by Rs682 to reach Rs242,031.

In international market, the price of the precious commodity slashed by $8 as per ounce was traded at $2,726.

Meanwhile, silver prices remained unchanged in Pakistan.

On the other hand, pakistani rupee on Friday appreciated by 20 paisa against the US dollar in the interbank trading and closed at Rs277.64 against the previous day’s closing of Rs277.84.

However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs277.20 and Rs278.70 respectively.

The price of Euro increased by 50 paisa to close at Rs300.58 against the last day’s closing of Rs300.08, according to the State Bank of Pakistan (SBP).

The Japanese yen remained unchanged and closed at Rs1.82, whereas a decrease of 21 paisa was witnessed in the exchange rate of the British Pound, which traded at Rs360.19.

Meanwhile, Emirates Dirham and the Saudi Riyal decreased by 05 paisa and 07 paisa to close at Rs 75.59 and Rs73.91 respectively.