Gold price increases to Rs90,300 per 10gm


Gold price spiked to over one week tops in reaction to mixed US jobs report and increased over 0.50 percent in the international market as of 13:40 GMT on Friday.

Gold was available in the international market at $1787.80 per ounce with a gain of $10.10. Mean-while, the price of 10 grams of yellow metal in Pakistan increased to Rs90,300 with a gain of Rs100. The closing price of yellow metal in the country remained Rs90,200 on Thursday.

According to analysts, gold prices increased in reac-tion to the mixed US jobs report, albeit lacked any follow-through and remained capped below the $1,800 mark. The headline Non Farm Payrolls (NFP) in the United States smashed expectations. —TLTP

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