Friday, May 24, 2024

Dollar Gains Ground Against Pakistani Rupee – January 29, 2024 USD PKR Rate

The American dollar surged in the interbank market, reaching 279.64 rupees, marking a modest increase of 5 paise according to State Bank of Pakistan data.

At the beginning of today's trading session, the dollar was trading at 279.30 rupees after a decrease of 29 paise.

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Recall that on the last day of the previous week's trading, Friday, the dollar closed at 279.59 rupees.

Meanwhile, Pakistani currency has shown significant improvement during the ongoing fiscal year. There has been a notable increase of 2.3% in the overall value of the Pakistani rupee against the American dollar since the beginning of the fiscal year.

Additionally, a series of fluctuations in gold prices has led to an increase in local gold prices following global market trends. International bullion markets witnessed an increase of $12 per ounce, bringing gold prices to $2050 per ounce, consequently impacting local prices.

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According to foreign exchange associations, local gold prices surged by Rs. 1500 per tola to Rs. 215,400, and by Rs. 1286 per ten grams to Rs. 184,671.

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Zayn
Zayn
Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

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