Latest news with #Rs299
Express Tribune
3 days ago
- Business
- Express Tribune
Gold rises Rs1,400 as global market recovers
Listen to article Gold prices in Pakistan rose on Wednesday, tracking gains in the international market as investors sought bargains following a dip in the previous session. The local uptick comes amid global anticipation surrounding the release of minutes from the US Federal Reserve's latest policy meeting. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola climbed by Rs1,400 to reach Rs349,300. Similarly, the price of 10 grams of gold increased by Rs1,200, settling at Rs299,468. This rebound followed a sharp drop on Tuesday when gold fell by Rs3,600 per tola to close at Rs347,900. Commenting on the trend, Adnan Agar, Director at Interactive Commodities, noted that international gold prices remained volatile but within a defined trading range. "The market touched a high of $3,325 and a low of $3,290 today, currently trading around $3,300," he said. "The $3,270 level is proving to be a strong support, from where the market has bounced back. On the upside, $3,350 is a key resistance." He explained that gold has been trading in a range-bound pattern, citing historical movements from $3,120 to $3,600. "Profit-taking is likely when prices approach upper resistance levels. On the downside, unresolved tariff issues and geopolitical tensions, particularly the ongoing Russia-Ukraine conflict, continue to weigh on sentiment." Agar added that unless these global hurdles are permanently resolved, gold is expected to remain within the $3,270 to $3,360 range. "A breakout beyond either end could push prices towards $3,200 or $3,420-3,500, respectively," he concluded. Globally, gold prices rose on Wednesday as traders sought bargains following the previous session's declines, while the market remains focused on minutes from the Federal Reserve's latest policy meeting due later in the day, according to Reuters. Spot gold gained 0.4% to $3,312.05 an ounce by 1255 GMT, after hitting a session low of $3,285.19 on Tuesday. US gold futures rose 0.3% to $3,310.60. "The gold market has been kind of choppy recently, just reacting to fresh daily fundamental news events with no real trending price action. In the near term, the market top is in place," Jim Wyckoff, Senior Analyst at Kitco Metals, said. "The minutes can be market movers. Market watchers are going to be looking at new comments on inflation this afternoon." Minutes of the Fed's May policy meeting are due at 1800 GMT. The meeting took place amid heightened concern over global trade tensions, following President Trump's early April announcement of major new import tariffs. Some of the most aggressive tariffs were eased or delayed a week later. Gold, which performs well in a low-interest rate environment and serves as a safe haven during times of uncertainty, has gained 26% so far this year and hit a record high in April.
Express Tribune
3 days ago
- Business
- Express Tribune
Gold prices surge in Pakistan after two-day slump
Listen to article After two consecutive days of decline, gold prices in Pakistan recorded an upward trend on Wednesday, tracking gains in international markets. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose by Rs1,400, reaching Rs349,300 in the local market. Similarly, the price of 10 grams of gold increased by Rs1,200, settling at Rs299,468. On Tuesday, gold prices had dropped sharply, with the per tola rate falling by Rs3,600 to Rs347,900, reflecting pressure from both local and global trends at the time. Silver prices also saw an uptick on Wednesday. The per tola rate of silver increased by Rs32, reaching Rs3,480. Market analysts suggest that fluctuations in precious metals are closely tied to global economic signals and investor sentiment, with current gains fueled by renewed demand and international market strength.
Business Recorder
3 days ago
- Business
- Business Recorder
Gold price per tola surge Rs1,400 in Pakistan
Gold prices in Pakistan increased on Wednesday in line with their incline in the international market. In the local market, gold price per tola reached Rs349,300 after a surge of Rs1,400 during the day. Similarly, 10-gram gold was sold at Rs299,468 after it gained Rs1,200, according to the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Tuesday, gold price per tola slashed to Rs347,900 after it losing Rs3,600 during the day. The international rate of gold also improved on Wednessday. The rate was at $3,309 per ounce (with a premium of $20), an increase of $14, as per APGJSA. Meanwhile, silver price per tola increased by Rs32 to settle at Rs3,480.
Time of India
22-05-2025
- Business
- Time of India
Vodafone Idea enhances family plans, enables ₹299 per member add-on feature
NEW DELHI: Vodafone Idea (Vi) on Thursday said its Family Postpaid subscribers can add up to eight secondary members, by paying ₹299 per member, to their existing family plan. The move is aimed at bolstering the telecom carrier's average revenue per user (ARPU), enhancing stickiness to its network while adding more users. Vi's new add-on feature ensures each member, who is part of the plan, gets 40GB high-speed monthly data, the telco said. 'At ₹299 per connection, it is one of the most competitive options in the market, offering excellent value and convenience,' it added. PlansNumber of ConnectionsNo. of add-on secondary members at Rs299/memberPrimary Member getsPlan Benefits, applicable only for primary member (Any 2)Secondary member getsVi Max Family 7012 (1 Primary + 1 Secondary)Can add upto 7 additional members70GB + unlimited night data, 12 am to 6 am + 200GB rollover data, Unlimited Calls & 3000 SMSVi Movies & TV (Three months of Zee5, SonyLIV, Jio Hotstar & more)Amazon Prime (Six months trial with paid yearly auto-renewal)Jio Hotstar (One year of mobile-only subscription)Sony LIV (365 days of mobile-only subscription)Ease My Trip (One year access to a flat discount of Rs 750 every month on return flights)Norton Security (One year of Mobile Security at no extra cost)SwiggyOne (1 year access to 2 coupons of SwiggyOne quarterly membership)Eazy Diner (1 year access to 2 coupons of Eazy Diner Prime quarterly membership)(*SwiggyOne and Eazy Diner benefits can be chosen only with ₹1201 and ₹1401 plans)40GB + 200GB rollover data, Unlimited Calls & 3000 SMSVi Max Family 12014 (1 Primary + 3 Secondary)Can add upto 5 additional members140GB + unlimited night data, 12 am to 6 am + 200GB rollover data, Unlimited Calls & 3000 SMS40GB + 200GB rollover data, Unlimited Calls & 3000 SMSVi Max Family 14015 (1 Primary + 4 Secondary)Can add upto 4 additional members140GB + unlimited night data, 12 am to 6 am + 200GB rollover data, Unlimited Calls & 3000 SMS40GB + 200GB rollover data, Unlimited Calls & 3000 SMS This would benefit subscribers of plans such as Vi Max Family ₹701, which currently includes two connections – one primary and one secondary, by allowing them to add up to sevem additional secondary members. Vi's existing Family Postpaid range, which includes data, OTT, voice and SMS benefits for two to five members, starts from ₹701. Vi's Family Postpaid plans simplify account management through single billing, individual data allocation, and substantial cost savings. 'This new feature strengthens Vi's commitment to delivering practical and tailored solutions to the evolving needs of Indian families,' the telco said.
Express Tribune
22-05-2025
- Business
- Express Tribune
Gold jumps Rs6,600 on global rally
Globally, gold prices rose for a third straight session, helped by a softer dollar and safe-haven demand amid economic and geopolitical uncertainty. photo: Reuters Listen to article Gold prices in Pakistan surged on Wednesday in tandem with gains in the international market, where bullion extended its upward streak for a third consecutive session, reaching a one-week high. The global rally was driven by a softer US dollar and renewed safe-haven demand amid prevailing economic and geopolitical uncertainty. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the domestic market rose sharply by Rs6,600, settling at Rs349,400. Similarly, the rate for 10 grams increased by Rs5,659 to Rs299,554. A day earlier, gold prices had edged up by Rs300 per tola, reaching Rs342,800. Adnan Agar, Director at Interactive Commodities, noted that while gold is currently trading around $3,310 in the international market, it faces significant resistance near the $3,350 level. "There is potential for further upside if this resistance is breached, possibly pushing prices toward $3,380 and $3,420," he said. "However, if the market fails to break this level, a pullback toward $3,280 or even $3,270 is likely." He added that trading remains relatively subdued, with gradual movement and limited momentum compared to previous sessions. Market activity may also be affected by the upcoming US bank holiday on Monday, which could influence global trading volumes and price direction in the short term. Globally, gold prices rose for a third straight session on Wednesday and hit a one-week high, helped by a softer dollar and safe-haven demand amid economic and geopolitical uncertainty. Spot gold was up 0.7% at $3,312.51 an ounce, as of 1553 GMT. US gold futures climbed 0.9% to $3,315.60. The US dollar fell 0.6% against a range of other currencies, making gold less expensive to buy for overseas currency holders. Wall Street's main indexes slipped and government bond yields rose, as investors closely watched a pivotal debate over US President Donald Trump's tax-cut bill that has fanned concerns about the country's growing debt. The Pakistani rupee weakened slightly against the US dollar in the interbank market on Wednesday, posting a minor depreciation of 0.02%. By the day's end, the local currency closed at 281.97, slipping by five paisas compared to the previous day's close of 281.92. Ismail Iqbal Securities wrote that on a cumulative basis, the local currency has depreciated by 1.21% since the beginning of the calendar year (CYTD) and by 1.29% since the start of the fiscal year (FYTD).
