Markets » Bullion Rate

Bullion Rate

Spot gold may fall into $1,669-$1,691 range

It might be too bold to target $1,460-$1,533 range right now. However, the preceding zigzagging fall does suggest a possible crash into this zone.

Published 02 Mar, 2021 10:05am

Bullion Rate

Gold prices edge higher as US Treasury yields retreat

US bank Wells Fargo said it has expanded its precious metals trading business, filling gaps in the market left by the withdrawal of Bank of Nova Scotia (Scotiabank).

Published 02 Mar, 2021 10:02am

Bullion Rate

Gold rises 1% on weaker dollar, US stimulus cheer

Gold is considered a hedge against inflation, likely to result from widespread stimulus, while higher bond yields challenge that status.

Published 01 Mar, 2021 11:50am

Bullion Rate

Spot gold may bounce into $1,761-$1,783 range

On the daily chart, gold has found a support at $1,724. It is bouncing towards $1,769.

Published 01 Mar, 2021 10:14am

Bullion Rate

Spot gold may fall towards $1,726

Resistance is at $1,783, a break above which could lead to a gain to $1,801. On the daily chart, gold is retesting a support at $1,769, the 61.8% projection level of a downward wave C from $1,959.01.

Published 26 Feb, 2021 09:54am

Bullion Rate

Gold heads for second monthly decline as US yields rally

Silver eased 0.2% to $27.34 an ounce, but was poised for a third straight monthly rise, while palladium climbed 0.8% to $2,420.68 and was set to register its best month in a year with a more than 8% gain.

Published 26 Feb, 2021 09:51am

Bullion Rate

Gold rises on dollar weakness, dovish comments from Fed's Powell

Spot gold rose 0.2% to $1,808.15 per ounce by 0552 GMT, after hitting its highest since Feb. 16 at $1,815.63 on Tuesday. US gold futures gained 0.1% to $1,808.40.

Published 24 Feb, 2021 01:43pm

Bullion Rate

Spot gold may break $1,818 and rise to $1,840

Following a shallow correction to $1,801, it may have accumulated enough momentum to overcome this barrier.

Published 24 Feb, 2021 10:09am

Bullion Rate

South Africa's Harmony Gold posts 211% jump in half-year profit

Headline earnings per share for the six months ended December 2020 rose by 211% to 775 cents per share compared with 249 cents a year earlier.

Published 23 Feb, 2021 11:28am

Bullion Rate

Spot gold to rise to $1,840

On the daily chart, gold has cleared a resistance at $1,805.

Published 23 Feb, 2021 10:59am

Bullion Rate

Gold scales 1-week peak as dollar falters, yields ease

The European Central Bank on Monday signalled that policymakers are becoming uncomfortable with the recent surge in government bond yields.

Published 23 Feb, 2021 10:56am

Bullion Rate

Gold off 7-month low on dollar weakness, but yields weigh

Bitcoin hit a record high on Sunday, after scaling a market capitalisation of $1 trillion on Friday.

Published 22 Feb, 2021 12:32pm

Bullion Rate

AngloGold Ashanti boosts dividend five-fold on gold price surge

All-in sustaining costs increased 6.1%, from $998 per ounce to $1059 per ounce. Most of that cost increase was due to the pandemic, AngloGold said.

Published 22 Feb, 2021 11:47am

Bullion Rate

Spot gold to test resistance at $1,801

This $1,869 level is pivotal in deciding how far the wave C could travel. A break below it could confirm the extension of this wave towards $1,651.

Published 22 Feb, 2021 10:17am

Bullion Rate

Spot gold may fall to $1,726

A sudden surge above $1,783 could signal a reversal of the downtrend.

Published 19 Feb, 2021 11:26am

Bullion Rate

Gold off 2-1/2-month low as US Treasury yields retreat

Analysts also said that the recent technical event of gold's 50-day moving average price dipping below the 200-day moving average, known as death cross, could lead to more selling.

Published 18 Feb, 2021 02:44pm

Bullion Rate

Gold prices off 2-1/2-month low as US Treasury yields pull back

US retail sales rebounded sharply in January, while US producer prices increased by the most since 2009, suggesting inflation was starting to creep up.

Published 18 Feb, 2021 12:04pm

Bullion Rate

Spot gold to test support at $1,761

Gold has started a consolidation, which may be confined in the range of $1,769-$1,805. The downtrend is expected to resume upon the completion of this consolidation.

Published 18 Feb, 2021 11:16am

Bullion Rate

Spot gold to test support at $1,783

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Published 17 Feb, 2021 12:35pm

Bullion Rate

Spot gold may retest support at $1,818

A further gain above $1,840, however, could indicate an extension of the uptrend from the Feb. 4 low of $1,784.76 towards $1,853-$1,875 range.

Published 16 Feb, 2021 11:19am

Bullion Rate

Platinum rallies for third day on economic rebound hopes

Market participants now await minutes of the Federal Reserve's end-January monetary policy meeting on Wednesday.

Published 16 Feb, 2021 11:16am

Bullion Rate

Gold eases as dollar rises, still on track for best week in three

But the autocatalyst metal was set to post its best week since early December, with a gain of 7.6%.

Published 12 Feb, 2021 09:59am

Bullion Rate

Gold inches lower on dollar recovery, softer US inflation data

"It's quite a mixed narrative right now," said Stephen Innes, chief global market strategist at financial services firm Axi.

Published 11 Feb, 2021 12:02pm

Bullion Rate

Spot gold may fall to $1,818

A downward wave C could have resumed, which is expected to travel below $1,783. A break above $1,853 could lead to a gain to $1,875.

Published 11 Feb, 2021 10:13am

Bullion Rate

Spot gold signals mixed

Immediate support is at $1,831.60, a break below which could cause a fall into $1,800-$1,818 range.

Published 10 Feb, 2021 10:46am

Bullion Rate

Gold gains as dollar extends slide, stimulus hopes firm

The non-farm payrolls data last week has bolstered bets the easy monetary policy is with us for a bit longer than expected, said DailyFX currency strategist Ilya Spivak.

Published 09 Feb, 2021 12:00pm

Bullion Rate

AngloGold Ashanti sees earnings to almost triple as gold prices surge

The gold miner expects to report a headline earnings per share between 229 US cents and 247 US cents for the year ended Dec. 31, 2020.

Published 09 Feb, 2021 11:13am

Bullion Rate

Spot gold may rise into $1,853-$1,875 range

A break below $1,827.93, however, will indicate a resumption of the downtrend towards $1,783. On the daily chart, gold could be consolidating within a big flat that developed from $1,764.29.

Published 09 Feb, 2021 10:51am

Bullion Rate

Spot gold may test support at $1,801

The bounce on Feb. 5 is classified as a pullback towards $1,805. Eventually, the metal may break this level and fall to $1,769.

Published 08 Feb, 2021 10:27am

Bullion Rate

Gold rises as bleak US jobs data dents dollar

Breakevens on 10-year Treasury Inflation-Protected Securities, which measure average annual inflation expectations for the coming decade, have jumped to 2.19%, the highest level since mid-2018.

Published 08 Feb, 2021 10:20am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	278.30
USD PKR Interbank Buying / May 20	278.10
USD to Japanese Yen / May 20	155.76
USD to Swiss Franc / May 20	0.91
Pound Sterling to USD / May 20	1.27
Euro to USD / May 20	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Nasdaq / May 17	16685.97
Dow Jones / May 17	40003.59
Tokyo Nikkei / May 20	39197.34
Hang Seng / May 20	19650.18
FTSE 100 / May 20	8442.03
Germany DAX 30 / May 20	18754.68

Item	Value
Karachi Cotton PKR/37.32 KG / May 17	19935
Petrol/Litre / May 20	273.10
Crude Oil USD/Barrel / May 20	80.09
Gold 10 Grams PKR / May 20	214678
Gold Spot USD/Ounce / May 20	2436.84
Diesel/Litre / May 20	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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