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Gold price falls by Rs10,800 per tola in Pakistan

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Gold prices in Pakistan witnessed a steep drop, with 24-karat gold losing Rs10,800 per tola to Rs409,736.

The price of 10 grams of gold dropped to Rs351,282, down Rs9,259.

Gold dropped $108 per ounce to $3,872 on international markets.

The price of 24-karat silver also fell by Rs142 to Rs5,388 per tola.

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Binance to resume withdrawals after recovering bulk of $6 billion in stolen funds

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The world’s biggest cryptocurrency exchange, Binance, said it would restart withdrawals in phases, after it recovered 95% of the $6.3 billion in tokens taken from the site in the world’s greatest digital crime, which the FBI has linked to North Korea.

Binance said the phase will begin between 0600 and 0900 GMT on Sunday and will include bitcoin, ether, BNB, ⁠Solana, XRP, dogecoin and other tokens.

Binance tweeted on X late on Saturday that the other 5% of the stolen tokens are less liquid and may take longer to source in the proportions needed.

On Saturday, the FBI blamed the attack on a North Korea state-sponsored squad known as TraderTraitor.

Pyongyang has always denied deploying state-linked cyber teams for espionage, financial theft and profiteering. It did not respond to demands for comment from its Geneva mission and its embassy in China.

Law enforcement saw members of the unit turning stolen assets into the cryptocurrency ethereum, the FBI said in a statement, adding it anticipated “further laundering” of the assets using related technology.

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OGRA raises LPG price by Rs14.73 per kilogram for November

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OGRA has announced Rs14.73 rise per kilogram in the price of liquefied petroleum gas (LPG) and the new price would be Rs294.73 per kilogram.

The hike has made an 11.8kg residential cylinder dearer by Rs173.86, from Rs3,296 to Rs3,470.

As to the announcement, the new LPG pricing would be effective from November 1, 2026.

The hike was due to a 6.47 per cent increase in the contract price of Saudi Aramco, Ogra said. The authorities has published a notification announcing the revised charges.

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Dollar steady ahead of Fed decision, kiwi slumps after RBNZ holds

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– The U.S. dollar was steady at a two-week high on Wednesday ahead of central bank policy decisions, with the Federal Reserve widely expected to maintain its policy interest rate unchanged but signal the likelihood of any December rise.

Most dollar counterparts were flat ahead of the Fed decision. The euro was barely changed at $1.1129 and the British pound was also barely changed at $1.3307. The dollar last traded 0.1% weaker at 157.81 yen, having swung between gains and losses.

The kiwi dollar fell as much as 1.7% to $0.5585 as the Reserve Bank of New Zealand surprised the market by keeping rates at 2.75%. A Reuters poll found 22 out of 27 experts expected the central bank to boost rates.“The market just got that wrong,” said Mike Houlahan, a director at Electus Financial Ltd in Auckland. “Only 10 days left until the election,” he said. “It’s good manners not to get involved in politics.”

The Australian dollar was 0.1% firmer at $0.7035 after inflation figures of 1.3% in the third quarter of the year, after 0.6% the previous quarter. The trimmed mean measure of core inflation came in at 1% as expected by the market, putting the annualised rate at an above-target 3.6%.

Governor Michele Bullock told lawmakers on Wednesday that the Reserve Bank of Australia will debate whether four rate rises this year will be adequate to return inflation to goal at a policy meeting next week.

For US traders, mostly looking for no change in central bank policy. The CME Group’s FedWatch tool indicated fed funds ​futures are pricing ⁠a 91% chance the Federal Open Market Committee would maintain its policy interest rate on hold.”The Fed doesn’t have to hike today to move markets,” said Chris Weston, chief research officer at Pepperstone Group in Melbourne. It just needs to alter the estimated probability of trekking in December.

The US dollar index, which measures the greenback against six currencies, climbed 0.3% to 102.40, its best since October 14. The yield on the US 10-year Treasury note was flat at 4.9967%.

In the cryptocurrency market bitcoin was unchanged at $80,736.07 while ether edged up 0.1% to $2,345.25.

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