Gold climbs up by Rs850 in domestic bullion

By MG News | December 02, 2021 at 05:51 PM GMT+05:00

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December 2, 2021 (MLN): The demand for yellow metal continued to increase in the domestic bullion as the price of 24-karat gold moved up by Rs850 to close at Rs123,650 per tola.

According to data provided by Karachi Sarafa and Jewellers Association, the price of 10-gram of 24k gold also increased by Rs729 and was traded at Rs106,010 while the 10gm 22k gold was valued at Rs97176.

On the other hand, the price of 24-karat silver and 10-gram of 24-karat silver remained unchanged at Rs1,460 and Rs1,251.71 respectively.

In the international market, gold prices eased by $9 to stand at $1,777 as investors gauged the U.S. Federal Reserve's response to inflationary risks and economic recovery concerns amid the new Omicron coronavirus variant, while the silver was traded at $22.40 per ounce.

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