‘ Dollar Expected To Fall 160 Rs This Month’

• The price of gold in the country has also dropped dramatically, while on the other hand, the value of the US dollar has also declined.
• The price of gold has come down to Rs. 113,300 after a decrease of Rs. 1,200.
• The dollar has depreciated further by 29 paise in the interbank market, after which the dollar has fallen from 160.91 paise to 160.62 paise in the interbank market.

Gold prices fall ,dollar gets cheaper

Gold prices fall, dollar cheaper on interbank market

 

According to the report of the news agency, during the third business day of this week, the price of gold in the country has also dropped dramatically, while on the other hand, the value of the US dollar has also declined.

Muhammad Arshad, Chairman All Pakistan Jewelers Manufacturers Association, while referring to the astonishing decline in the price of gold in the country, said that the price of gold per tola in the country has come down by a staggering Rs.

He said that the price of gold has come down to Rs. 113,300 after a decrease of Rs. 1,200. Similarly, the price of 10 grams of gold has come down by Rs. 1,028 to Rs136,97 thousand rupees. The price of gold per ounce has dropped by 12, after which the price of gold per ounce has come down to  1890.

On the other hand, according to the data released by the SBP, the dollar also depreciated on the third day of this week’s business day.

The dollar has depreciated further by 29 paise in the interbank market, after which the dollar has fallen from 160.91 paise to 160.62 paise in the interbank market, which has also reduced the debt burden of the country.

It should be noted that due to reduction in interest rates and government policies, the dollar has become cheaper by 7.81 paise in the last two months.

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