Friday, June 05 2026

Forex reserves down USD10.5m
The country’s total liquid foreign exchange reserves declined by USD 10.5 million during the past week. According to the State Bank of Pakistan (SBP), the country’s total reserves stood at USD 22.636 billion as of May 29, 2026, compared with USD 22.646 billion a week earlier. During the same period, the SBP’s foreign exchange reserves increased by USD 43 million, rising to USD 17.190 billion from USD 17.147 billion. However, net reserves held by commercial banks decreased by USD 53 million, falling to USD 5.446 billion.
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Gold slips, set for weekly loss on Mideast tensions, rate-hike fears
Gold prices edged lower on Friday, and were set for a weekly loss, as tensions in the Middle East dampened hopes for a U.S.-Iran peace ​deal amid rising inflation and rate-hike fears. Fundamentals Spot gold was down ‌0.3% to $4,462.22 per ounce, as of 0049 GMT. It has fallen about 1.6% for the week so far. Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here. U.S. gold futures for August delivery fell 0.4% to $4,489. The Iran-backed Hezbollah ​rejected a new ceasefire in Lebanon and Israel said it would not ​withdraw troops from the country, undermining U.S. President Donald Trump’s efforts ⁠to halt fighting there to forge peace with Tehran.
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Oil little changed on uncertainty over US-Iran peace deal
Oil prices were little changed on Friday following ‌sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the Hezbollah militia rejected a new ceasefire in Lebanon. Brent crude futures fell 21 ​cents, or 0.22%, to $95.24 a barrel by 0003 GMT after settling down 2.84% ​in the previous session. US West Texas Intermediate crude was at $92.94 a barrel, ⁠down 10 cents, or 0.11%, following a 3.1% loss on Thursday. Both contracts are ​set to post their first weekly gain in three weeks, with WTI up more than ​6%, after fighting flared up in the Middle East as U.S.-Iran war peace talks dragged on while traffic in the Strait of Hormuz, where a fifth of the world’s oil passes, remained limited.
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Gold price drops by Rs1,469 per tola in Pakistan
Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs467,816 after a decline of Rs1,469 during the day. Similarly, 10-gram gold was sold at Rs401,012 after it fell by Rs1,323, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs469,285 after a gain of Rs1,523 during the day. The international rate of gold declined by $14 to reach $4,453 per ounce (with a premium of $20).
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Gold price drops by Rs1,469 per tola in Pakistan
Gold prices in Pakistan decreased on Friday in line with their loss in the international market. In the local market, gold price per tola reached Rs467,816 after a decline of Rs1,469 during the day. Similarly, 10-gram gold was sold at Rs401,012 after it fell by Rs1,323, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Thursday, gold price per tola reached Rs469,285 after a gain of Rs1,523 during the day.The international rate of gold declined by $14 to reach $4,453 per ounce (with a premium of $20). Meanwhile, the price of silver also decreased by Rs67 to reach Rs7,730 per tola.
Related news categories: business economic-indicators misc