Gold price decline by Rs1,300 to Rs141,900 per tola on August 6, 2022The price of 24 karat per tola gold decreased by Rs1,300 per tola and was sold at Rs141,900 on Friday against sale at Rs143,200 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs1,115 and was sold at Rs121,656 against its sale at Rs122,771 whereas the prices […]
Bitcoin falls on lower volume and volatility on August 6, 2022Bitcoin (BTC) plunged 4pc on Thursday, challenging the trend line seen in Wednesday’s Market Wrap when it dipped below $23,000 in early morning trade. Ether (ETH) fell 3pc to less than $1,600. Both BTC and ETH look to be in a short-term downward trend, with seven consecutive negative candles. The S&P 500 and Dow Jones […]
Rupee recovers Rs2.74 against dollar on August 5, 2022The Pakistan rupee on Thursday recovered Rs2.72 against the US dollar in the interbank trading and closed at Rs226.15 against the previous day’s closing of Rs228.79. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs217 and Rs220 respectively. The price of […]
Gold price decline by Rs2,100 to Rs143,200 per tola on August 5, 2022The price of 24 karat per tola gold decreased by Rs2,100 per tola and was sold at Rs143,200 on Thursday against sale at Rs155,300 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs1800 and was sold at Rs122,771 against its sale at Rs124,571 whereas the prices […]
Bitcoin continues to hover around $22,700 on August 5, 2022Since June 18, Bitcoin has been rising above an ascending support line. The line has been verified several times, the most recent being on July 26. On July 30, this resulted in a local high of $24,668. The daily RSI, which is still above 50, has also been following an upward support line during this […]
Crude price slides up following US commercial inventory build on August 4, 2022According to the Energy Information Administration, commercial crude stockpiles in the United States increased by 4.5m barrels in the week ending July 29 to around 426.6m barrels. Stocks are now 6.7pc behind the five-year average, down from 7.7pc the previous week. The American Petroleum Institute reported a 2.17m barrel increase in US oil supply in […]
Gold price fall by Rs8,600 to Rs145,300 per tola on August 4, 2022The price of 24 karat per tola gold decreased by Rs8,600 per tola and was sold at Rs155,300 on Wednesday against sale at Rs154,900 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs7373 and was sold at Rs124,571 against its sale at Rs131,944 whereas the prices […]
US stocks bounce after two down sessions on August 4, 2022Wall Street stocks bounced early Wednesday after two down sessions following another round of earnings that included good results from Starbucks and CVS Health. Shares of both companies rose following the reports, with Starbucks reporting record quarterly sales on strong North America sales and CVS seeing an 11pc jump in revenues due to broad-based growth. […]
Rupee gains 45 paisa against dollar on August 3, 2022The Pakistani rupee on Tuesday strengthened by 45 paisa against the US dollar in the interbank trading and closed at Rs238.38 against the previous day’s closing of Rs238.83. According to the Forex Association of Pakistan (FAP), the buying and selling rates of dollars in the open market were recorded at Rs239 and Rs241 respectively. The […]
Gold price decline by Rs3,500 to Rs154,900 per tola on August 3, 2022goldThe price of 24 karat per tola gold decreased by Rs3,500 per tola and was sold at Rs154,900 on Tuesday against sale at Rs157,400 the previous day in the local market. The price of 10-gram 24 karat fold also decreased by Rs3001 and was sold at Rs131,944 against its sale at Rs134,945 whereas the prices […]