Gold remains flat at Rs102,100 per 10g for third day on December 17, 2021International gold prices continued their upward trend on Thursday after falling to a two-month low in the previous session. Gold in the international market was available at $1,784.60 per ounce after gaining $6.30 at 1545 hours GMT. Gold gained some follow-through traction following the previous day’s recovery move after the Federal Reserve said it will […]
Bitcoin surges to $49,310 as cryptos rally on December 17, 2021The cryptocurrencies rallied on Thursday, with market capitalisation gaining 3.9 percent to reach $2.4 trillion as of 1150 hours GMT. The largest cryptocurrency Bitcoin price went up by 2.10 percent to $49,310. With this increase in price, the market capitalisation of the biggest crypto has reached 932 billion. Ether, the world’s second-largest cryptocurrency by market […]
WTI falls below $70 as crude prices slip for third day on December 16, 2021Crude oil prices edged lower for the third day in a row on Wednesday amid concerns over new coronavirus variant. At 1310 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, shed $0.73 (-0.99 percent) to reach $72.97 a barrel. Similarly, the US West Texas Intermediate (WTI) price reached $69.91 a barrel, […]
Gold price remains flat at Rs102,100 per 10g on December 14, 2021International gold prices remained flat on Monday amid expectation of tightening monetary policy at a fast pace to contain inflation. Gold in the international market was available at $1,784.70 per ounce after gaining $0.80 at 1410 hours GMT. The price of 10 grams of yellow metal in Pakistan, meanwhile, also remained flat at Rs102,100. Gold […]
Bitcoin falls to $48,530 as bears embrace cryptos on December 14, 2021The cryptocurrencies turned bearish on Monday, bringing market capitalisation 2.2 percent down to $2.34 trillion as of 1350 hours GMT. The largest cryptocurrency Bitcoin price went down by 2.4 percent to $48,530. With this decrease in price, the market capitalisation of the biggest cryptocurrency has reached 918 billion. Ether, the world’s second-largest cryptocurrency by market […]
Bitcoin jumps to $49,223 as falling cryptos take a breather on December 13, 2021The cryptocurrencies snapped a two-day losing streak on Sunday, with market capitalisation gaining 1 percent to reach $2.38 trillion as of 1215 hours GMT. The largest cryptocurrency Bitcoin price went up by 1.88 percent to reach $49,223. The price is down by 13 percent over the last seven days. With this increase in price, the […]
NEV sales in China soar in November on December 13, 2021Sales of new energy vehicles (NEVs) in China surged in November, driving the country’s automotive market to speed up its green transition, according to the China Passenger Car Association (CPCA). Last month, a total of 378,000 NEVs were sold in China, soaring 122.3 percent year on year and growing nearly 20 percent month on month, […]
Crude oil prices jump as Omicron fears subside on December 11, 2021Crude oil prices surged on Friday amid easing concerns over impacts of the new coronavirus variant on global fuel demand. At 1255 hours GMT, Brent, the international benchmark for two-thirds of the world’s oil, gained $0.85 (+1.14 percent) to reach $75.27 a barrel. Similarly, the US West Texas Intermediate (WTI) price reached $71.79 a barrel, […]
Rupee hits fifth all-time low of 177.61 against dollar in December on December 10, 2021Rupee continues depreciating against the US dollar on Thursday, setting the fifth all-time low of 177.61 in December so far. According to the State Bank of Pakistan, the dollar opened at Rs176.43 in the interbank market and closed at Rs177.61, shedding 18 paisas (-o.10 percent). Within the open market, the rupee was traded at 179/180.20 […]
Bitcoin inches up to $49,327, ether crosses $4,300 mark on December 10, 2021The cryptocurrency market gained 1.3 percent on Thursday to lift market capitalisation to $2.46 trillion as of 1245 hours GMT. The largest cryptocurrency Bitcoin price went slightly up by 0.48 percent to reach $49,327. The price is down by 13.40 percent over the last seven days. With this increase in price, the market capitalisation of […]