In Pakistan, the financial markets on October 8, 2024, presented a mix of stability and minor fluctuations in both gold and currency rates. Here’s a detailed look into the rates for gold and several major currencies, reflecting the economic dynamics of the country on this day.
Gold Rates
The value of gold remains a significant marker of economic stability in Pakistan. On October 8, the rates for gold were as recorded:
Karat |
Per Gram (PKR) |
Per Tola (PKR) |
|---|---|---|
| 24K | 23,663 | 276,000 |
| 22K | 21,691 | 252,981 |
| 21K | 20,705 | 241,563 |
| 20K | 19,720 | 230,060 |
| 18K | 17,747 | 207,054 |
These prices reflect the continued interest in gold as both a luxury item and a stable investment, particularly in times of economic uncertainty.
Currency Exchange Rates
The currency market also showed varying levels of change with the Pakistani Rupee trading against major global currencies as follows:
Currency |
Buying (PKR) |
Selling (PKR) |
|---|---|---|
| US Dollar (USD) | 277.25 | 279.75 |
| Euro (EUR) | 302.75 | 305.5 |
| UK Pound (GBP) | 362.5 | 365.45 |
| UAE Dirham (AED) | 75.45 | 76.1 |
| Saudi Riyal (SAR) | 73.75 | 74.3 |
| Australian Dollar (AUD) | 191 | 193.25 |
| Bahrain Dinar (BHD) | 732 | 740 |
| Canadian Dollar (CAD) | 206 | 209 |
| China Yuan (CNY) | 38.29 | 38.69 |
| Danish Krone (DKK) | 40.03 | 40.43 |
| Hong Kong Dollar (HKD) | 35.63 | 35.98 |
| Indian Rupee (INR) | 3.34 | 3.44 |
| Japanese Yen (JPY) | 1.9 | 1.98 |
| Kuwaiti Dinar (KWD) | 903.71 | 913.71 |
| Malaysian Ringgit (MYR) | 58.99 | 59.59 |
| New Zealand Dollar (NZD) | 169.34 | 171.34 |
| Norwegians Krone (NOK) | 26.14 | 26.44 |
| Omani Riyal (OMR) | 722.87 | 730.89 |
| Qatari Riyal (QAR) | 76.14 | 77.14 |
| Singapore Dollar (SGD) | 202 | 204 |
| Swedish Korona (SEK) | 26.27 | 26.57 |
| Swiss Franc (CHF) | 309.01 | 311.51 |
| Thai Bhat (THB) | 7.55 | 7.7 |
The fluctuations in these rates are indicative of Pakistan’s reactive economic policies in response to global economic conditions. The US Dollar, Euro, and British Pound continue to be strong influencers of economic strategy due to their significant role in international trade and finance.
Previous Gold and Curenncy Exchange rates
Economic Outlook
The data on gold and currency rates are crucial for investors, business analysts, and the overall population, giving bits of knowledge into the country’s monetary wellbeing. The soundness of gold costs combined with the minor changes in the cash market propose a mindful yet stable financial standpoint for Pakistan. As global economic conditions evolve, these rates will serve as a barometer for the country’s financial climate.
Conclusion Gold and Currency Rates in Pakistan
As of October 8, 2024, the gold and currency exchange rates in Pakistan reflect the economic trends and market dynamics. The gold rate for 24K per tola remains at PKR 276,000, demonstrating its status as an important and stable speculation. In the mean time, the money trade rates, for example, the US Dollar exchanging around PKR 279.75, delineate the continuous changes in the financial market. These figures are essential for investors and analysts who track economic stability and forecast future trends in Pakistan’s economy.