Gold climbs to Rs116,700 per 10g on April 13, 2022Gold price jumped to a fresh multi-week high on Tuesday as the US consumer inflation topped 8 percent in March for the first time in more than four decades. As of 1425 hours GMT, gold in the international market was available at $1,966.50 per ounce, gaining $12.40 (+0.63 percent). Out of the $12.40 per ounce […]
Bitcoin falls to $40,480 in mixed trading on April 13, 2022The cryptocurrency market remained mixed on Tuesday, with market capitalisation inching 0.1 percent up to $1.99 trillion. As of 1330 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price dipped by 1.39 percent to $40,480. With this decrease in price, the market capitalisation of the biggest crypto has reached $766.5 billion. Bitcoin has shed 13 percent […]
Brent falls below $99 as crude prices dip 4pc on April 12, 2022Crude oil prices dipped around 4 percent on Monday as lockdowns in China and some countries’ plans to release crude from their strategic stocks sparked demand fears. As of 1430 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $3.82 (-3.72 percent) to reach 98.96 a barrel. The West Texas Intermediate […]
Gold falls to Rs114,600 per 10g as rupee strengthens on April 12, 2022Gold price inched up on Friday as the souring market mood amid heightened recession fears and a protracted Russia-Ukraine conflict helped the yellow metal find demand. As of 1445 hours GMT, gold in the international market was available at $1,948.70 per ounce, gaining $2 (+0.10 percent). Out of the $2 per ounce increase, -$2.30 was […]
Risk aversion pushes gold up 1.1pc on weekly basis on April 11, 2022Gold price surged 1.1 percent on a week-on-week (WoW) basis despite a broad-based dollar strength and a sharp upsurge witnessed in the US Treasury bond yields. Gold futures closed the week on a positive note in the international market at $1,946.70 from $1,925.60 per ounce, gaining $21.10 on a week-on-week basis. The price of 10 […]
Bitcoin inches up to $42,569 in mixed trading session on April 11, 2022The cryptocurrency market turned positive on Sunday amid mixed trade, with market capitalisation inching up 0.1 percent to reach $2.07 trillion. As of 1405 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price inched up by 0.23 percent to $42,569. With this increase in price, the market capitalisation of the biggest crypto has reached $806 billion. […]
MD USC monitoring Ramadan relief package on April 10, 2022Managing Director Utility Stores Corporation (USC) Taha Aziz Maghribi on Friday visited various stores in Peshawar, Abbottabad to review the supply and sale of basic items provided under the package. According to the press release issued Islamabad office, Managing Director USC also issued orders to the staff to take positive steps to facilitate the customers. […]
Rising petrol prices fuel uncertainty at oil giant Petrobras on April 10, 2022Brazil’s state-run oil company Petrobras is once again in crisis: caught in a political tug of war over rising fuel costs. Far-right President Jair Bolsonaro, seeking re-election in October, is widely blamed by voters for double-digit inflation, polls show, on the back of skyrocketing fuel prices. Feeling the heat, Bolsonaro last week fired Petrobras CEO […]
Gold falls to Rs114,800 per 10g as rupee strengthens on April 9, 2022Gold price inched up on Friday despite a stronger US dollar and rising treasury bond yields. As of 1310 hours GMT, gold in the international market was available at $1,934 per ounce, gaining $2.80 (+0.14 percent). Out of the $2.80 per ounce increase, -$5.40 was due to stronger dollar and +$8.20 was due to predominant […]
Gold surges to Rs117,100 per 10g on April 8, 2022Gold price surged on Thursday as a weaker US dollar and uncertainties over the outcome of the Russia-Ukraine peace talks favoured the yellow metal. As of 1220 hours GMT, gold in the international market was available at $1,933 per ounce, gaining $7.70 (+0.40 percent). Out of the $7.70 per ounce increase, +$1.85 was due to […]