Observer Report
Karachi
The per tola gold price witnessed an increase of Rs450 to Rs115,100 in the domestic market on Saturday. Likewise, the rate of 10-gram gold also increased by Rs300 to Rs98,679, according to the All Pakistan Jewelers Association. Meanwhile, gold prices in the international market rose as the dollar slipped.
Spot gold climbed 0.4% to $1,951.13 per ounce, having fallen to a one-week low in the previous session.
U.S. gold futures were up 0.6% at $1,960.80.
The dollar index was down 0.1% against its rivals, making gold more attractive for buyers holding other currencies.
Silver fell 0.5% to $26.97 per ounce, platinum dipped 0.4% to $936.69 and palladium slipped 0.8% to $2,316.58.
Read More: Gold price jumps Rs400 per tola in domestic market.
