Apart from buying and selling of goods, currencies are also exchanged between open markets of different countries. International banks, most famous being Deutsche Bank, Barclays, HSBC, Standard Chartered, Citi etc are involved in fixing the rate of currency exchange in the global market. One central national bank of every country sets exchange rate of currency on daily basis and this process is known as Foreign Exchange Fixing.
Today Gold Rate in Pakistan
Latest Gold Rates – Check today gold rate online, The word ‘Gold’ symbolizes something expensive, exquisite and extremely pure. The mining, circulation and possession of gold is something that has been taking place since centuries. People have fought and died over the custody of gold in the old times. Initially in 2nd Millennium B.C, gold artifacts discovery lead to more mining of gold. Additional artifacts were discovered in Bulgaria later on. The more the gold was available to the world greater became the lust for its ownership. Since gold is associated with something expensive, every man dreams of owning gold in large quantity which gives him a sense of security and financial stability.
Silver Rate in Pakistan
Another precious metal besides gold is silver. Though the importance of silver is nowhere near gold but still, given on the basis of its wide range of uses, the importance of silver cannot be given a blind eye to. The price difference between gold and silver is massive which is one of the reasons why many average income people prefer buying or investing in silver. Other than that, some people just find silver more appealing or eye catching in comparison to gold. With changing fashion trends in recent times, silver jewelry became sort of a wedding fashion statement in Pakistan that caused an immense rise in the purchase of silver jewelry.