Gold price increases by Rs100, hits Rs143,000 per tola 7 July 2022 on July 7, 2022The price of 24 karat per tola gold witnessed an increase of Rs100 per tola and was sold at Rs143,000 on Wednesday against its sale at Rs142,900, the previous day in the local market. The price of 10-gram 24 karat fold also increased by Rs86 and was sold at Rs122,600 against its sale at Rs122,514 […]
Bitcoin struggles to stay above $20,000 on July 7, 2022Crypto markets continue to struggle to attract new investors even as some recovery was witnessed on Tuesday. In the last 24 hours, the global cryptocurrency market cap decreased to $905b, falling 0.61pc over the day while Bitcoin traded near $20,000. Prices of most of the top cryptos fell after surging for a few hours yesterday, […]
Gold price increase by Rs1500 to Rs142,900 per tola on July 6, 2022The price of 24 karat per tola gold witnessed an increase of Rs1500 per tola and was sold at Rs142,900 on Tuesday against its sale at Rs141,400 the previous day in the local market. The price of 10-gram 24 karat fold also increased by Rs1286 and was sold at Rs122,514 against its sale at Rs121,228 […]
PBF for trade with Afghanistan in local currency on July 6, 2022Pakistan Businesses Forum (PBF) on Tuesday urged the authorities concerned to take measures for trade with Afghanistan in Pak rupee, a move that can ease the country’s burgeoning current account deficit. Talking to the media, PBF Vice President Ahmad Jawad said it would also be a good move for Pakistan’s importers to deal in rupee. […]
WTI oil drops below $100 as recession fears on July 6, 2022West Texas Intermediate crude futures dropped below $100 a barrel for the first time since May 11 as concerns grow that a global economic slowdown will ultimately hobble demand. Traders are worried about the impact of sharply higher US borrowing costs, as the Federal Reserve embarks on a series of interest-rate hikes intended to cool […]
Rupee strengthens against US dollar and closes at 204.56 on July 5, 2022In the interbank market, the rupee closed the previous week up 1.3 percent versus the US dollar as Pakistan got closer to restarting its International Monetary Fund (IMF) programme. In addition, the IMF was considering combining the seventh and eighth reviews of the Extended Fund Facility (EFF), which would allow for an inflow of over […]
Gold price declines by Rs300 to Rs141,400 per tola on July 5, 2022The price of 24 karat per tola gold witnessed a decrease of Rs.300 per tola and was sold at Rs.141,400 on Monday against its sale at Rs141,700 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs.257 and was sold at Rs.121,228 against its sale at Rs. […]
Bitcoin recovers to over $19k; Nomura warns of US,UK recession on July 5, 2022Bitcoin extended its recovery to over $19,000 in European hours Monday after a weekend that saw major cryptocurrencies put up only moderate gains. Ether (ETH) rose 5pc in the past 24 hours to trade above $1,100. Solana’s SOL and Cardano’s ADA each added about 4pc, while XRP and BNB gained over 3.5pc. Market capitalization increased […]
Bitcoin slips; Voyager Digital suspends operations on July 4, 2022Bitcoin, the leading cryptocurrency worldwide, traded lower on Sunday, falling by 0.93pc to $19,033.92 at 9 a.m. Riyadh time. Ethereum, the second most traded cryptocurrency, was priced at $1,057.11, rising by 1.15pc, according to data from CoinDesk. To preserve its platform’s value, Voyager Digital on Friday announced it had su pen ed withdrawals, trading, and […]
Russia imposes ruble restriction on countries buying wheat and sunflower oil on July 4, 2022Russia, facing sanctions from the West for its invasion of Ukraine, will now export grains to other nations only in exchange for rubles. In addition to grains, the Russian government has added sunflower oil and extracted meal to the list of export items to be paid in rubles. A resolution to this effect was adopted […]