Gold price up by Rs900 to Rs145,400 per tola on July 23, 2022The price of 24 karat per tola gold witnessed an increase of Rs.900 per tola and was sold at Rs.145,400 on Friday against its sale at Rs144,500 the previous day in the local market. The price of 10-gram 24 karat fold also increased by Rs.772 and was sold at Rs.124,657 against its sale at Rs.123,885 […]
Rupee continues to plummet, reaching a new low of 227 on July 22, 2022The Pakistani rupee fell further against the US dollar on Thursday, reaching an all-time low of 226 in the interbank market during intraday trade. The rupee finished at 226.81, down Rs1.89 or 0.83pc, according to data supplied by the State Bank of Pakistan (SBP), after falling as low as 228 during intraday trade. Yesterday, the […]
Gold price up by Rs500 to Rs144,500 per tola on July 22, 2022The price of 24 karat per tola gold witnessed an increase of Rs500 per tola and was sold at Rs144,500 on Thursday against its sale at Rs144,000 the previous day in the local market. The price of 10-gram 24 karat fold also increased by Rs428 and was sold at Rs123,885 against its sale at Rs123,457 […]
Tesla sells 75pc of its Bitcoin holdings after Musk said he doesn’t dump on July 22, 2022Tesla Inc. sold a significant chunk of its Bitcoin holding, an investment that helped legitimize the world’s largest electronic currency. The carmaker had converted roughly 75pc of its Bitcoin to fiat currency as of the end of June, adding $936mof cash to its balance sheet, according to its shareholder letter on second-quarter earnings. Chief Executive […]
Gold price declines by Rs1200 to Rs144,000 per tola on July 21, 2022The price of 24 karat per tola gold witnessed a decrease of Rs1200 per tola and was sold at Rs144,000 on Wednesday against its sale at Rs145,200 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs1028 and was sold at Rs123,457 against its sale at Rs […]
Rupee depreciates to 225 against dollar in interbank market on July 21, 2022The US dollar gave the local currency no respite on Wednesday, continuing its upward trajectory to reach Rs225, an all-time high, with an increase of Rs3.1 in interbank trading. The previous closing of the US dollar on Tuesday was Rs221.99, up Rs6.79, before reaching the highest ever Rs224 mark, up Rs9 against the Pakistani rupee […]
Bitcoin tops $24,000 as hopes of softer Fed action fuel crypto relief rally on July 21, 2022Bitcoin broke the $24,000 threshold for the first time in more than a month, as hopes of a rate hike less aggressive than feared from the Federal Reserve triggered a relief rally in cryptocurrencies. The world’s biggest cryptocurrency surged as high as $24,047 Wednesday, up more than 8pc in 24 hours and trading at levels […]
Gold price increases by Rs2800 to Rs145,200 per tola on July 20, 2022The price of 24 karat per tola gold witnessed an increase of Rs2800 per tola and was sold at Rs145,200 on Tuesday against its sale at Rs142,400 the previous day in the local market. The price of 10-gram 24 karat fold also increased by Rs2400 and was sold at Rs124,485 against its sale at Rs122,085 […]
Coinbase red flag amid wild bitcoin, ethereum and crypto price swings on July 20, 2022The bitcoin price yesterday came within touching distance of $23,000 per bitcoin, its highest since bitcoin took a major leg down in mind-June. The ethereum price has meanwhile surged as traders bet hype around its long-awaited upgrade, now pencilled in for September, will propel its price higher. Now, after JPMorgan last week revealed a $160b […]
$100+ oil is back for the long haul on July 20, 2022Oil prices gained over 4.6pc on Monday as the market attempted to digest developments in the Middle East, and as the dollar weakened slightly. Brent oil prices climbed to $105.8 per barrel by 3:42 EST Monday, up 4.65pc on the day. West Texas Intermediate (WTI) was trading at just over $102. Prices rose Monday as […]