The United States dollar continued to lose value against the rupee, falling by Rs0.52 in the opening hours of trading.
The change took the value of the US dollar to Rs285 in the interbank market.
On Tuesday, the US dollar had fallen by Rs0.12 to go from Rs285.64 to Rs285.52.
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Gold rates up in Pakistan; check today's prices
KARACHI: The gold price moved up and down in the local market in line with a massive increase in the international market. On Wednesday, the single tola of 24 Karat gold was available at Rs218,000, and the price for 10-gram gold saw an increase of Rs943 to reach Rs186,900. Meanwhile, the 22 Karat Gold price stands at Rs199,830, the 21 karat rate for each tola is Rs190,750, and the 18k gold rate hovers around Rs163,500.00. In the international market, the price of precious metal went up by $29 to settle at $2,044 per ounce. Today Gold Rate in Pakistan City
The value of the rupee has been steadily gaining strength since Pakistan finalized its first review with the International Monetary Fund under the stand-by agreement. The rupee has also gained strength from the government’s efforts to clamp down on hoarding and smuggling of foreign currency.
