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Wednesday, November 20, 2024

Home Business Gold price surges to Rs95,500 per 10gm

Gold price surges to Rs95,500 per 10gm

by News desk
September 21, 2021
in Business

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Gold prices inched up in the international market on Monday amid a retreat in the US Treasury yields, as the risk-off mood remains at full steam.

At 1155 hours GMT, gold in the international market was available at $1,756.70 per ounce after gaining $1.90. Meanwhile, the price of 10 grams of yellow metal in Pakistan increased to Rs95,500 after gaining Rs700.

The closing prices of the yellow metal in the country remained Rs94,800 on Saturday last. The prices in the local market increased due to depreciation of the rupee against the US dollar.

According to experts, gold price is making a minor recovery attempt amid a retreat in the US Treasury yields, as the risk-off mood remains at full steam. —TLTP