Staff Reporter
Karachi
The per tola gold price witnessed an increase of Rs100 to Rs112,600 in the domestic market on Monday.
Likewise, the rate of 10-gram gold increased by Rs84 to Rs96534, according to the All Pakistan Jewelers Association. Meanwhile, the prices of the precious yellow metal in the international market rose by $4 per ounce to $1892.
Gold pared losses from a more than 1% dip on Monday as investors weighed immediate concerns over rising coronavirus cases and bets on further economic support even as Moderna became the second drugmaker to declare effective Covid-19 vaccine test results, said Reuters. Spot gold slipped 0.1% to $1,886.81 per ounce at 9:21 a.m. EST (1421 GMT). U.S. gold futures were flat at $1,885.50.
