Gold drops to $1896 an ounce owing to stronger US dollar

News Image

MG News | October 15, 2020 at 06:00 PM GMT+05:00

October 15, 2020 (MLN): Gold prices declined on Thursday on the back of a stronger US dollar. In the international market, the gold price fell by $4 and was traded at $1896, while silver stood at $23.90 an ounce.

In the domestic bullion market, the price of 24 Karat gold decreased by Rs 500 to Rs 115,600. The precious yellow metal of 24-Karat had closed at Rs 116,100 per tola on the last day.

According to the data released by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also witnessed a decrease of Rs 429 to settle at Rs 99,108 against the previous close of Rs 99,537 per-gram.

On a similar note, silver witnessed a decrease in its price. The 24-Karat Silver edged lower by Rs 70 to Rs 1,260 per tola. Likewise, the price of 10-gram silver was recorded at Rs 1080.24, down by Rs 60.02 compared to a prior close of Rs 1,140.26, the association reported.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 169,703.60
186.64M
0.16%
276.16
ALLSHR 102,604.53
769.92M
0.15%
153.59
KSE30 50,591.33
89.05M
0.26%
133.49
KMI30 242,499.84
88.34M
0.17%
407.02
KMIALLSHR 66,609.21
384.86M
0.10%
66.64
BKTi 46,200.65
17.30M
0.50%
229.92
OGTi 34,887.62
6.26M
0.09%
32.55
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,545.00 63,740.00
63,485.00
-130.00
-0.20%
BRENT CRUDE 89.13 95.50
88.44
-3.97
-4.26%
RICHARDS BAY COAL MONTHLY 123.00 0.00
0.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 132.75 134.25
132.75
-1.45
-1.08%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 85.95 86.64
85.13
-1.76
-2.01%
SUGAR #11 WORLD 13.81 14.02
13.77
-0.11
-0.79%

Chart of the Day


Latest News

Top 5 things to watch in this week

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