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Thursday, December 19, 2024

Home Business Gold prices rise by Rs 600 per tola

Gold prices rise by Rs 600 per tola

by News desk
December 13, 2020
in Business

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Staff Reporter

Karachi

The per tola gold price witnessed an increase of Rs600 to Rs110,950 in the domestic market on Saturday. Likewise, the rate of 10 grams of the precious metal increased by Rs511 to Rs95,121, according to the All Pakistan Jewelers Association. According to Reuters, gold rose on Friday en route to a second straight weekly gain as investors bet on an imminent U.S. Covid-19 relief package. Spot gold advanced 0.5% to $1,843.54 per ounce at 11:31 a.m. EST (1631 GMT), having earlier dipped as much as 0.6%. U.S. gold futures gained 0.6% to $1,847.40. Earlier on December 11, the per tola gold price had registered a decline of Rs100 in the domestic market.