Economic crisis: Gold prices soar, Dollar eyeing Rs200
- By Web Desk -
- May 17, 2022
The price for 24kt Gold on Tuesday increased by Rs1400 as the local currency depreciated further by 0.80% against the US dollar, ARY News reported.
The price of the precious metal accelerated by yet another Rs1400 to sell at a historic high of Rs1,38,300 on Tuesday.
Subsequently, the price for 10 grams of 24kt gold increased by Rs1200 to sell at Rs1,18,559 in the local market.
Moreover, the price of Gold witnessed a sharp spike of $28 in the international market too to sell at $1828.
Read More: Gold rates reach all-time high, Dollar surge continues
Dollar Rate
Meanwhile, the local currency depreciated further by %0.80 to sell at Rs195.74 against the US dollar.
The value of the US Dollar appreciated by Rs2.50 in the open market too.
Interbank closing #ExchangeRate for todayhttps://t.co/V0LiF62fhX pic.twitter.com/gWAJw1uQ0y
— SBP (@StateBank_Pak) May 17, 2022