Rupee gains 28 paisa against dollar in interbank trading

ISLAMABAD (APP) - Pakistani rupee on Wednesday gained 28 paisa against the US dollar in the interbank trading and closed at Rs283.50 against the previous day’s closing at Rs283.78.

In the open market, dollar devalued by 25 paisa and was closed at Rs284.5. The price of the Euro increased by  03 paisa to close at Rs 305.84 against the last day’s closing of Rs305.81, according to the State Bank of Pakistan (SBP).

The Japanese Yen decreased by one paisa and closed at Rs1.94; whereas a decrease of Rs 1.63 was witnessed in the exchange rate of the British Pound, which traded at Rs355.05 compared to the last closing of Rs356.68.

The exchange rates of the Emirates Dirham and the Saudi Riyal decreased by 5 paisa each to close at Rs77.22 and Rs75.61 respectively.

Gold declines by Rs1,000 per tola

The per tola price of 24 karat gold decreased by Rs.1,000 and was sold at Rs212,600 on Wednesday compared to its sale at Rs213,600 on the last trading day. The price of 10 grams of 24 karat gold also decreased by Rs858 to Rs182,270 from Rs183,128 whereas the price of 10 gram 22 karat gold went down to Rs167,081 from Rs167,867.

The price of per tola silver decreased by Rs20 to Rs2,580 whereas that of 10-gram silver declined by Rs17.15 to Rs2,211.15. The price of gold in the international market decreased by US$7 to US$1,998 from US$.2,005.