KARACHI: According to the State Bank of Pakistan, the US dollar recorded a slight decline in the value of the interbank market, where the dollar closed at Rs 278.85 per paise at the end of the trading day.
Currency dealers say that limited fluctuations are being seen in the value of the dollar due to the balance of supply and demand in the market, while import payments and external financial pressures are also affecting the exchange rate.
According to economists, the recent stability may be temporary as global financial conditions and the situation of the country’s foreign exchange reserves continue to be important factors.
On the other hand, a slight difference was seen in the value of the dollar in the open market; however, the overall trend remained relatively stable.
Gold prices fall sharply by Rs 2,900 per tola
Gold and silver prices also fell in global and local markets on Friday.
Due to the decline in gold prices in the international market, gold per tola also fell by Rs2,900 to Rs490,862 at the local level.
Similarly, the price of ten grams of gold also fell by Rs2,486 to Rs420,835. In the global bullion market, gold fell by $29 to $4,685 per ounce.
It should be remembered that on Thursday, the price of gold per tola fell by Rs5,200 to Rs493,762.
On the other hand, the price of silver per tola fell by Rs 142 to Rs 7,957.
