US dollar goes wild, hammers Pakistani rupee hard once again

US dollar goes wild, hammers Pakistani rupee hard once again

F.P. Report

ISLAMABAD: The US dollar roaring back at the Pakistani rupee scored another massive gain on Tuesday and smashed through Rs184 mark as the business opened in intrabank trading.
The greenback gained value for the second straight day after suffering heavily during the previous week. The world’s most powerful currency went up heavily by one rupees and 90 paisas against the Pakistani currency and ended the day at Rs184.44 up from yesterday’s close which was Rs182.54.
During the two days of trade, the US dollar has gained two rupees and 89 paisas. Since the new government came into being, the US dollar lost almost eight rupees as before that the American currency was inching towards the Rs190 against the Pakistani rupee.
On the other hand, the price of gold continues to test the patience of the buyers, as it witnessed another increase Tuesday.
The price of gold witnessed a sharp increase against the backdrop of an increase in US dollar price. According to a report, the price of gold per tola has increased by Rs900.
With this increase, the price for 24-carat gold has reached Rs134,800 per tola, while the price of 22-carat gold reached Rs123,567 per tola. While the price of 10-gram gold has also surged by Rs771.With this increase, the price of 24-carat gold per 10-gram has reached Rs115,569 and the price of 22-carat gold per 10-gram has reached Rs105,939.
In the international market, the price of gold per ounce decreased by US$15 to reach US$1976.

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