Gold price surges to Rs96,000 per 10gm


Gold traded up in the international market on Wednesday amid a weaker US dollar and a minor bounce in the Treasury yields.

At 1140 hours GMT, gold in the international mar-ket was available at $1820.10 per ounce after gain-ing $8.60 as compared to its closing value on Tues-day last.

Meanwhile, the price of 10 grams of yellow metal in Pakistan increased to Rs96,000 after gaining Rs200. The closing prices of the yellow metal in the coun-try remained Rs95,800 on Tuesday last.

According to experts, gold price is making gains after ending the last three sessions in the red, as traders preferred to stay on the sidelines ahead of the key US Nonfarm Payrolls release, which will provide fresh signals on the Fed’s next policy ac-tion.

However, the recent weakness in the US Treasury yields helped gold price hold its footing above the $1820 mark. —TLTP


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