Gold climbs up by Rs1,700 to close at Rs119,700 per tola

MG News | October 18, 2021 at 05:47 PM GMT+05:00

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October 18, 2021 (MLN): The yellow metal witnessed a significant surge in its demand as the price of 24-karat gold in the domestic bullion soared by Rs1,700 to close at Rs119,700 per tola on Monday.

According to data provided by Karachi Sarafa and Jewellers Association, the price of 10-gram of 24k gold also increased by Rs1,457 and was traded at Rs102,623 while the 10gm 22k gold was valued at Rs94,072.

On the other hand, the price of 24-karat silver and 10-gram of 24-karat silver remained unchanged at Rs1,430 and Rs1,226 respectively.

In the international market, the demand for gold scratched by $4 to $1,763 an ounce as the uptick in U.S. bond yields dulled bullion’s appeal while the silver was traded at $23.26 per ounce.

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