Gold further up by Rs200 per tola

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STAFF REPORTER
KARACHI Gold prices amplified by Rs200 to Rs96,300 per tola in the domestic market on Friday. The price of 10 grams of yellow metal rose by Rs171 to Rs82,561. Meanwhile, gold in the global market eased after five straight days of gains, but was still set for its largest weekly rise since December 2008 on safe haven demand as the coronavirus led to a surge in U.S. jobless claims and wreaked havoc on the global economy. Autocatalysts platinum and palladium, meanwhile, were poised for their biggest weekly gains on record, as a lockdown in major producer South Africa stoked supply worries. Spot gold fell 0.5% to $1,620.36 per ounce by 1104 GMT. U.S. gold futures slipped 1.6% to $1,624.40 per ounce.