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