Pakistani Rupee Stabilizes as Gold Prices Drop

The Pakistani rupee maintained a narrow trading range against major international currencies between September 22 and September 25, 2026. The US dollar opened the period with a selling rate of 278.35 PKR on September 22, dipped slightly to 277.22 PKR on Monday, and eventually stabilized at a selling rate of 278.35 PKR by September 25.

Other major currencies remained largely consistent throughout the week. The UK pound sterling held steady at 371.75/375.25 PKR, and the Euro remained at 318.94/323.95 PKR. Regional currencies, including the UAE dirham and Saudi riyal, continued to trade between 74.00 and 76.35 PKR.

Simultaneously, domestic gold prices experienced a decline on September 22, dropping Rs2,700 to Rs457,536 per tola. This domestic slump mirrored a 0.6% dip in international spot gold to $4,350.39 per ounce. The decline was driven by a strengthening US dollar and market expectations that the United States Federal Reserve would implement further monetary tightening, with traders projecting an 88% probability of a rate hike in December.