Latest news with #APGJSA
Express Tribune
a day ago
- Business
- Express Tribune
REER improves to 96.6 in June
Listen to article The Real Effective Exchange Rate (REER) index for the Pakistani rupee improved to 96.6 in June 2025, down from 97.8 in May 2025, according to data released by the State Bank of Pakistan (SBP). The drop in REER suggests improved external competitiveness for the rupee. The rupee also appreciated slightly against the US dollar on Friday, gaining 0.04% in the interbank market. It closed at 284.87, up by 10 paisas from Thursday's closing rate of 284.97. In parallel, the SBP injected Rs11.05 trillion into the banking system through Open Market Operations (OMOs) on Friday, using both conventional and Shariah-compliant instruments. The bulk came through the conventional reverse repo OMO, with Rs11.371 trillion accepted. Most of this was in the 14-day tenor (Rs11.2 trillion at 11.03%), and a smaller portion in a 7-day tranche (Rs171.1 billion at 11.09%). Under the Shariah-compliant Mudarabah-based OMO, Rs115.5 billion was accepted, split between 7-day (Rs100 billion at 11.11%) and 14-day (Rs15.5 billion at 11.13%) tenors. These operations reflect SBP's focus on short-term liquidity management. Rates ranged from 11.03% to 11.13%, suggesting stable interbank market conditions. The pro-rata acceptance in some tenors points to selective liquidity control to balance market needs. Analysts view the scale of the injection as a sign of adequate banking liquidity. The slightly lower OMO rates may signal a shift towards monetary easing. Meanwhile, the APGJSA, said the price of gold per tola rose by Rs2,500 to Rs357,600 on Friday. The price of 10 grams increased by Rs2,143 to Rs306,584. A weaker US dollar and geopolitical uncertainty boosted gold's appeal as a safe-haven asset. Platinum prices, however, retreated after recently hitting a decade high.
Business Recorder
2 days ago
- Business
- Business Recorder
Gold price per tola gains Rs2,500 in Pakistan
Gold prices in Pakistan increased on Friday in line with their gain in the international market. In the local market, gold price per tola reached Rs357,600 after a gain of Rs2,500 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs306,584 after it accumulated Rs2,143. On Thursday, gold price per tola reached Rs355,100 after a loss of Rs900 during the day. The international rate of gold also increased on Friday. The rate was at $3,351 per ounce (with a premium of $20), a gain of $25, as per APGJSA. Meanwhile, silver price per tola increased by Rs48 to reach Rs4,012.
Business Recorder
10-07-2025
- Business
- Business Recorder
Gold price per tola gains Rs3,200 in Pakistan
Gold prices in Pakistan increased on Thursday in line with their gain in the international market. In the local market, gold price per tola reached Rs354,700 after a gain of Rs3,200 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs304,098 after it accumulated Rs2,744. On Wednesday, gold price per tola reached Rs351,500 after a loss of Rs3,000 during the day. The international rate of gold also increased today. The rate was at $3,324 per ounce (with a premium of $20), a gain of $32, as per APGJSA. Meanwhile, silver price per tola increased by Rs10 to reach Rs3,851.
Business Recorder
09-07-2025
- Business
- Business Recorder
Gold price per tola falls Rs3,000 in Pakistan
Gold prices in Pakistan declined on Wednesday in line with their decrease in the international market. In the local market, gold price per tola reached Rs351,500 after a loss of Rs3,000 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs301,354 after it shed Rs2,572. On Tuesday, gold price per tola reached Rs354,500 after a gain of Rs1,500 during the day. The international rate of gold decreased on Wednesday. The rate was at $3,292 per ounce (with a premium of $20), a loss of $33, as per APGJSA. Meanwhile, silver price per tola remained unchanged at Rs3,841.
Business Recorder
04-07-2025
- Business
- Business Recorder
Gold price per tola decreases Rs1,500 in Pakistan
Gold prices in Pakistan declined on Friday in line with their decrease in the international market. In the local market, gold price per tola reached Rs355,500 after a loss of Rs1,500 during the day. As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs304,783 after it shed Rs1,286. On Tuesday, gold price per tola Rs357,000 after a gain of Rs800 during the day. The international rate of gold decreased on Friday. The rate was at $3,335 per ounce (with a premium of $20), a loss of $15, as per APGJSA. Meanwhile, silver price per tola remained unchanged at Rs3,871.
