USD exchange rate: Rupee sees slight fluctuations

The latest exchange rates for major foreign currencies against the Pakistani Rupee (PKR) have been released. As per the most recent figures, the US Dollar (USD) is being sold at Rs278.45 and bought at Rs277.95.

The Euro (EUR) is available for selling at Rs291.99, with a buying rate of Rs291.46.

The British Pound (GBP) stands at Rs352.09 for selling and Rs351.45 for buying.

For the Swiss Franc (CHF), the selling rate is Rs313.38, while the buying rate is Rs312.82.

Meanwhile, the Canadian Dollar (CAD) is being traded at Rs198.16 for selling and Rs197.81 for buying.

The Australian Dollar (AUD) shows a TT Selling rate of Rs180.06 and a buying rate of Rs179.74.

The UAE Dirham (AED) is available at Rs75.81 for selling and Rs75.68 for buying.

The Saudi Riyal (SAR) is being traded at Rs74.12 for selling and Rs73.99 for buying.

In addition, the Qatar Riyal (QAR) is selling at Rs76.62, with a buying rate of Rs76.48,

Among the highest-value currencies, the Kuwaiti dinar (KWD) remained a notable contender, priced at Rs906.29 for selling and Rs904.67 for buying.

Yesterday, gold prices in Pakistan fell by Rs1,700 to Rs274,500 per tola on Monday, continuing a recent trend of declines in line with the international market.

On Friday, prices dropped by Rs1,100 to Rs276,200 per tola (11.66 grams), according to the All Pakistan Sarafa Gems and Jewellers Association.

In the international market, gold prices fell by $17 to $2,633 per ounce during the same period.

Adnan Agar, Director of Interactive Commodities, explained that recent price fluctuations in the gold market were expected and within normal ranges.

He noted that the absence of significant market events has kept movements limited, with upcoming US employment data in November likely to influence market trends. Agar added that with the holiday season starting mid-December, market activity could pick up early in January.

Global trends also played a role, with the dollar index gaining 0.5%, marking its best day in over a week. This made greenback-priced bullion more expensive for holders of other currencies. Spot gold ended its four-session winning streak, dropping 1% earlier in the day before settling 0.5% lower at $2,640.93 per ounce. US gold futures also fell 0.6%, closing at $2,663.90.