Observer Report
Karachi
The per tola gold price witnessed an increase of Rs1000 to Rs113,100 in the domestic market on Monday, ARY News reported.
Likewise, the rate of 10-gram gold increased by Rs 858 to Rs96,965, according to All Pakistan Jewelers Association. Prices of the precious yellow metal in the international market rose by $9 per ounce to $1889, resulting in an increase in domestic prices of gold.
Gold prices rose on Monday as investors remained wary of the results of upcoming U.S. presidential elections and as a surge in Covid-19 cases and renewed lockdowns in some nations raised economic concerns. Spot gold rose 0.5% to $1,886.66 per ounce by 1018 GMT, while U.S. gold futures were up 0.4% to $1,887.60. Silver gained 1.2% to $23.92 an ounce, palladium rose 0.3% to $2,217.74 and platinum was up 0.3% at$851.14.
