Rupee gains Rs1.14 against dollar in interbank trading

ISLAMABAD (APP) - Pakistani rupee on Tuesday witnessed the 24th consecutive recovery session as it gained Rs1.15 against the US dollar in the interbank trading and closed at Rs280.51 against the previous day’s closing of Rs281.65.

According to the Forex Association of Pakistan (FAP), the rate of the dollar in the open market stood at Rs280.

The price of the Euro increased by Rs1.11 to close at Rs 297.54 against the last day’s closing of Rs296.43. The Japanese Yen remained unchanged to close at Rs1.88, whereas a decrease of Rs1.16 was witnessed in the exchange rate of the British Pound, which traded at Rs344.11 as compared to the last closing of Rs342.95.

The exchange rates of the Emirates Dirham and the Saudi Riyal declined by 32 and 30 paisa to close at Rs76.36 and Rs74.78 respectively.

Gold rate decreases by Rs 15,500 to Rs 199,500 per tola

The per tola price of 24 karat gold decreased by Rs15,500 and was sold at Rs 199,500 on Tuesday compared to its sale at Rs.215,000 on September 9.

The price of 10 grams of 24 karat gold also decreased by Rs.13,546 to Rs.171,039 from Rs.184,585 whereas the prices of 10 gram 22 karat gold went down to Rs.156,786 from Rs.168,967 the All Sindh Sarafa Jewellers Association reported.

The price of per tola Silver also decreased by Rs.50 to Rs2,500 whereas that of 10 grams silver went down by Rs42.87 to Rs2,143.34. The price of gold in the international market decreased by $55 to $1,856 from $1,911, the Association reported.