Commodities Update: Gold contains; Silver unmoved

News Image

MG News | September 13, 2017 at 02:52 PM GMT+05:00

0:00

Gold prices contained on Wednesday after falling to their lowest on Tuesday to their lowest levels since 1st September. Prices for gold have risen sharply amidst rising tensions between US and North Korea.

Prices for Spot Gold dropped sharply on Monday and Tuesday this week as tensions quelled after North Korean meia did not report any missile tests as expected by the international observers.

However, Gold prices were at $1331.92 up by 25 bases from previous close in the first session after UN unanimously approved sanctions against North Korea. Prices for Gold have increased by 3.16 percent in last 30 days, as investors have flocked to Gold after US announced it is considering military solutions against North Korea. Currently, US has installed anti ballistic missiles on 38th North Parallel to counter any offensive from North Korea.

Silver spot prices in the international markets were relatively unmoved as the white metalcontinues to trade at $17.89 up by 0.03 dollars from previous close. Prices for Silver have been steadily moving up, +4.5% in the last thirty days as demand continues to push the price upward. 

Related News

Name Price/Vol %Chg/NChg
KSE100 134,299.77
290.06M
0.39%
517.42
ALLSHR 84,018.16
764.12M
0.48%
402.35
KSE30 40,814.29
132.59M
0.33%
132.52
KMI30 192,589.16
116.24M
0.49%
948.28
KMIALLSHR 56,072.25
387.69M
0.32%
180.74
BKTi 36,971.75
19.46M
-0.05%
-16.94
OGTi 28,240.28
6.19M
0.21%
58.78
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,140.00 119,450.00
115,635.00
4270.00
3.75%
BRENT CRUDE 70.63 70.71
68.55
1.99
2.90%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.75 68.77
66.50
2.18
3.27%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 11, 2025 at 10:56 PM GMT+05:00

Gold price in Pakistan rises Rs2,300 per tola


July 11, 2025 at 05:49 PM GMT+05:00

PKR gains 10 paisa per USD


July 11, 2025 at 05:41 PM GMT+05:00

PSX Closing Bell: Bulls Serenade The Bourse


July 11, 2025 at 05:06 PM GMT+05:00

UBL doubles profit to Rs65bn in 1HCY25


July 11, 2025 at 04:19 PM GMT+05:00

Ideal Spinning Mills to exit spinning business



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg