Trends - Gold - Business Recorder

Gold

Gold hits over 1-week high as dollar weakens

Gold prices touched a more than one-week high on Monday, as an easing dollar continued to support greenback-priced...

Published 23 May, 2022 10:26am

Markets

Spot gold may test resistance at $1,867

SINGAPORE: Spot gold may break a resistance at $1,856 per ounce and test the next resistance at $1,867, driven by a...

Published 23 May, 2022 10:11am

Markets

Gold set for first weekly gain in five as dollar rally loses steam

Gold prices firmed on Friday, poised for their first weekly gain since mid-April, as the dollar’s pullback from...

Published 20 May, 2022 12:02pm

Markets

Spot gold may rise into $1,856-$1,867 range

SINGAPORE: Spot gold may rise into a range of $1,856-$1,867 per ounce, driven by a wave (3) or wave c. The rise from...

Published 20 May, 2022 11:45am

Markets

Gold flat as lofty dollar, firmer US bond yields dim appeal

Gold prices were flat on Thursday, as an elevated US dollar and rising Treasury yields weighed on greenback-priced...

Published 19 May, 2022 12:24pm

Markets

Spot gold neutral in $1,805-$1,823 range

SINGAPORE: Spot gold looks neutral in a range of $1,805-$1,823 per ounce, and an escape could suggest a direction. A...

Published 19 May, 2022 10:31am

Markets

Spot gold may seek support at $1,797 before rising

SINGAPORE: Spot gold may seek a support at $1,797 per ounce, before rising again. The rise from the Monday low of...

Published 18 May, 2022 10:17am

Markets

Spot gold may rise more into $1,840-$1,849 range

SINGAPORE: Spot gold may bounce more into a range of $1,840 to $1,849 per ounce, as the downtrend from the April 18...

Published 17 May, 2022 11:31am

Markets

US MIDDAY: Gold ticks up

NEW YORK: Gold rose slightly on Monday as a retreat in US Treasury yields offset headwinds from a relatively firm...

Published 17 May, 2022 05:39am

Markets

Gold hovers near 3-month low as dollar strength continues

Gold prices edged down in choppy trading on Monday as a strong dollar hurt demand for the greenback-priced metal and...

Published 16 May, 2022 11:18am

Markets

Gold faces fourth weekly loss as burgeoning dollar saps appeal

Gold prices held ground near a three-month low on Friday as the strongest dollar in two decades continued to sap...

Published 13 May, 2022 10:06am

Markets

US MIDDAY: Dollar rally accelerates slide in metals

NEW YORK: Gold and other precious metals dropped on Thursday, with palladium shedding more than 8%, as investors...

Published 13 May, 2022 05:59am

Markets

Gold prices wobble as soaring dollar, sliding yields tussle

Gold saw choppy price action on Thursday, as the dollar hit a 20-year high, balancing support from a slide in...

Published 12 May, 2022 12:18pm

Markets

US MIDDAY: Gold bounces as dollar retreats after US inflation data

NEW YORK: Gold resumed its climb on Wednesday after a knee-jerk retreat tied to the release of US inflation data, as...

Published 12 May, 2022 05:40am

Markets

Gold falls to 3-month low as investors brace for US inflation data

Gold touched a three-month low on Wednesday as an elevated dollar held down prices while investors await US monthly...

Published 11 May, 2022 12:38pm

Markets

Spot gold may retest support at $1,830

SINGAPORE: Spot gold may retest a support at $1,830 per ounce, a break below could open the way towards...

Published 11 May, 2022 10:17am

Markets

Gold slips 1pc on elevated yields, dollar strength

LONDON: Gold prices retreated 1% on Monday as elevated US Treasury yields and a surge in the dollar to two-decade...

Published 10 May, 2022 05:10am

Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 19.750...

Published 07 May, 2022 05:46am

Markets

Gold prices up over 1% after US Fed softens stance

Gold prices climbed more than 1% on Thursday after US Federal Reserve Chair Jerome Powell ruled out large,...

Published 05 May, 2022 11:59am

Markets

US MIDDAY: Gold prices slide

NEW YORK: Gold prices fell more than 2% to a near three-month low on Monday as increased prospects of faster rate...

Published 03 May, 2022 03:47am

Markets

Gold dips as bond yields rise before Fed meeting

Gold prices fell on Monday as elevated US Treasury yields pressured demand for zero-yield bullion, ahead of a widely...

Published 02 May, 2022 10:01am

Markets

PMEX daily trading report

KARACHI: On Thursday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 17.062...

Published 30 Apr, 2022 05:53am

Markets

Gold in Asia

MUMBAI: Physical gold dealers in India reduced discounts as demand picked up ahead of an expected increase in sales...

Published 30 Apr, 2022 05:53am

Markets

Gold rises, but US rate hike bets set up monthly drop

Gold rose on Friday as worrying US economic data rekindled some interest in the safe-haven metal, but bullion was...

Published 29 Apr, 2022 11:44am

Markets

Volatile gold prices could dampen Indian demand in Q2

MUMBAI: India’s gold demand is likely to remain soft in second quarter after falling 18% in the first quarter as...

Published 28 Apr, 2022 11:31am

Markets

Gold falls to 10-week low on lofty dollar, imminent US rate hike

Gold prices fell to a 10-week low on Thursday, as an elevated US dollar hurt demand for greenback-priced bullion,...

Published 28 Apr, 2022 10:55am

Markets

Gold hits 2-month low as rallying dollar saps demand

LONDON: Gold prices slipped 1% to a two-month low earlier on Wednesday as a rally in dollar on expectations of ...

Published 28 Apr, 2022 05:37am

Markets

China’s Q1 gold consumption down 9.69% y/y, hit by price rise, COVID

BEIJING: China’s gold consumption fell 9.69% in the first quarter from the corresponding period a year earlier, the...

Published 27 Apr, 2022 12:25pm

Markets

PMEX daily trading report

KARACHI: On Monday, at PMEX the traded value of Metals, Energy, COTS/FX and indices was recorded at PKR 21.859...

Published 27 Apr, 2022 05:19am

Markets

Spot gold may test resistance at $1,908

SINGAPORE: Spot gold may test a resistance at $1,908 per ounce, a break above which could lead to a gain into...

Published 26 Apr, 2022 09:41am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Mar 31 Kohinoor Power Company Limited(KOHP)	4.38 ▲ 0.63 (16.80%)
PICIC Ins.Ltd. / Mar 31 PICIC Insurance Limited(PIL)	0.69 ▲ 0.08 (13.11%)
Supernet Ltd. / Mar 31 Supernet Limited(GEMSPNL)	11.90 ▲ 1.00 (9.17%)
Asim Textile / Mar 31 Asim Textile Mills Limited(ASTM)	6.48 ▲ 0.53 (8.91%)
Bata (Pak) / Mar 31 Bata Pakistan Limited(BATA)	2084.87 ▲ 145.45 (7.50%)
Khyber Tex. / Mar 31 Khyber Textile Mills Limited(KHYT)	427.22 ▲ 29.80 (7.50%)
Pak Engineering / Mar 31 Pakistan Engineering Company Limited(PECO)	325.40 ▲ 22.70 (7.50%)
Janana D Mal / Mar 31 Janana De Malucho Textile Mills Limited(JDMT)	44.42 ▲ 3.09 (7.48%)
Sindh Abadgar / Mar 31 Sindh Abadgar's Sugar Mills Limited(SASML)	14.50 ▲ 1.00 (7.41%)
Popular Islamic / Mar 31 Popular Islamic Modaraba(PIM)	8.75 ▲ 0.60 (7.36%)

Stock	Price
Pak Gulf Leasing / Mar 31 Pak-Gulf Leasing Company Limited(PGLC)	5.31 ▼ -0.89 (-14.35%)
Samba Bank / Mar 31 Samba Bank Limited(SBL)	6.75 ▼ -0.85 (-11.18%)
Pak Gen.Ins. / Mar 31 The Pakistan General Insurance Co. Ltd.(PKGI)	3.96 ▼ -0.49 (-11.01%)
Equity Modaraba / Mar 31 First Equity Modaraba(FEM)	6.10 ▼ -0.50 (-7.58%)
AL-Ghazi Tractors / Mar 31 Al-Ghazi Tractors Limited(AGTL)	270.73 ▼ -21.95 (-7.50%)
Philip Morris Pak. / Mar 31 Philip Morris (Pakistan) Limited(PMPK)	426.43 ▼ -34.57 (-7.50%)
Tri-Pack Films / Mar 31 Tri-Pack Films Limited(TRIPF)	126 ▼ -10.14 (-7.45%)
Khairpur / Mar 31 Khairpur Sugar Mills Limited(KPUS)	67.26 ▼ -5.41 (-7.44%)
Dawood Lawrencepur / Mar 31 Dawood Lawrencepur Limited(DLL)	210 ▼ -15.90 (-7.04%)
Bunnys Limited / Mar 31 Bunnys Limited(BNL)	15.81 ▼ -1.19 (-7.00%)

Stock	Volume
Pak Int.Bulk / Mar 31 Pakistan International Bulk Terminal(PIBTL)	12,120,000 ▲ 0.26
Pak Elektron / Mar 31 Pak Elektron Limited(PAEL)	6,523,000 ▲ 0.36
Telecard Limited / Mar 31 Telecard Limited(TELE)	6,211,500 ▼ -0.18
Engro Corp / Mar 31 Engro Corporation Limited(ENGRO)	5,429,492 ▼ -4.49
WorldCall Telecom / Mar 31 Worldcall Telecom Limited(WTL)	4,946,279 ▲ 0.00
Hascol Petrol / Mar 31 Hascol Petroleum Limited(HASCOL)	4,863,500 ▲ 0.20
Pakgen Power / Mar 31 Pakgen Power Limited(PKGP)	4,421,500 ▲ 1.50
K-Electric Ltd. / Mar 31 K-Electric Limited(KEL)	4,361,174 ▲ 0.00
Agha Steel Ind. / Mar 31 Agha Steel Ind.Ltd(AGHA)	3,689,500 ▲ 0.07
Waves Corporation / Mar 31 Waves Corporation Limited(WAVES)	3,477,000 ▲ 0.45

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 31	283.85
USD PKR Interbank Buying / Mar 31	283.65
USD to Japanese Yen / Mar 31	132.82
USD to Swiss Franc / Mar 31	0.91
Pound Sterling to USD / Mar 31	1.24
Euro to USD / Mar 31	1.09
UK LIBOR % / Mar 30	4.81

Stock	Volume
S&P 500 / Mar 31	4082.17
India Sensex / Mar 31	58991.52
Tokyo Nikkei / Mar 31	28047.34
Nasdaq / Mar 31	12133.90
Hang Seng / Mar 31	20427.56
FTSE 100 / Mar 31	7638.94
Dow Jones / Mar 31	33079.75
Germany DAX 30 / Mar 31	15641.10
France CAC40 / Mar 31	7330.27

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 30	18935
Crude Oil USD/Barrel / Mar 31	75.20
Gold 10 Grams PKR / Mar 31	178927
Gold Spot USD/Ounce / Mar 31	1979.46
Cotton US¢/pound / Mar 31	83.26

Gold

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