Gold stalls upsurge at Rs104,400 per 10g on January 21, 2022The gold price stalled its upsurge on Thursday amid firmer bond yields, following Wednesday’s short-squeeze that surged prices by 1.6 percent. As of 1320 hours GMT, gold in the international market was available at $1,840 per ounce, shedding $0.30. The price of 10 grams of yellow metal in Pakistan, meanwhile, increased to Rs104,400 after gaining […]
Gold inches up to Rs103,000 per 10g as bond yield eased on January 20, 2022Gold prices surged on Wednesday amid a retreat in the benchmark US 10-year bond yields and prevalent risk-off market mood. As of 1255 hours GMT, gold in the international market was available at $1,817 per ounce, gaining $3.40. The price of 10 grams of yellow metal in Pakistan, meanwhile, increased to Rs103,000 after gaining Rs100. […]
Bitcoin rises above $42,000 mark in mixed trade on January 20, 2022The cryptocurrency market remained mixed after falling for two consecutive days, with market capitalisation shedding 0.3 percent to reach $2.1 trillion. As of 1230 hours GMT on Wednesday, the largest cryptocurrency Bitcoin’s price surged by 0.86 percent to reach $42,103. With this increase in price, the market capitalisation of the biggest crypto has reached $797.1 […]
Gold remains flat at Rs102,900 per 10g for third day on January 19, 2022Gold prices remained on the back foot on Tuesday amid a surge in the US Treasury bond yields and dollar. As of 1340 hours GMT, gold in the international market was available at $1,817.30 per ounce, shedding $1.90. The price of 10 grams of yellow metal in Pakistan, meanwhile, remained flat for the third straight […]
PKR extends gains to down USD to 175.92 on January 18, 2022Consolidating the previous week’s gains, Pakistani rupee strengthened by 15 paisa (+0.09 percent) against the US dollar on Monday. The State Bank of Pakistan said in a statement that the dollar opened at Rs176.07 in the interbank market and closed at Rs175.92. The rupee witnessed a dull trading range during the session, showing the intraday […]
Global crude oil prices rise up to 5.27pc for fourth week on January 17, 2022Global crude oil prices rose up to 5.27 percent for the fourth straight week, climbing to a nine-week high. The global oil prices were lifted by tight supply, easing concerns over the spread of the Omicron coronavirus variant, and a weaker US dollar. In the previous three weeks, the global crude oil prices surged up […]
Gold slips to Rs102,900 per 10g in volatile session on January 15, 2022Gold prices slipped for the third straight day, easing from a fresh one-week high of $1,829 during the early trading. As of 1315 hours GMT on Friday, gold in the international market was available at $1,820.10 per ounce, shedding $2.10. Gold erased a large portion of its daily gains after advancing toward $1,829 earlier in […]
Bitcoin slips to $42,232 as cryptos tumble after two-day rally on January 15, 2022The cryptocurrency market snapped the two-day winning streak on Friday, with market capitalisation dropping 2.8 percent to $2.13 trillion. As of 1255 hours GMT, the largest cryptocurrency Bitcoin’s price went down by 3.53 percent to reach $42,232. With this decrease in price, the market capitalisation of the biggest crypto has fallen to $799.3 billion. Bitcoin […]
Gold price increases to Rs103,000 per 10g on January 13, 2022Gold prices edged lower on Wednesday after surging for three days, eroding a part of the previous day’s strong gains. As of 1255 hours GMT, gold in the international market was available at $1,818.70 per ounce, shedding $3. However, the price of 10 grams of yellow metal in Pakistan went up to Rs103,000 after gaining […]
Bitcoin breaches $43,000 mark as cryptos turn bullish on January 13, 2022The cryptocurrency market turned bullish on Wednesday, with market capitalisation gaining 4.4 percent to reach $2.16 trillion. As of 1230 hours GMT, the largest cryptocurrency Bitcoin’s price went up by 2.77 percent to reach $43,079. With this increase in price, the market capitalisation of the biggest crypto has reached $815.3 billion. Data shows that 29,371 […]