Gold edges higher by Rs100 per tola

MG News | January 03, 2022 at 05:15 PM GMT+05:00

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January 3, 2022 (MLN): Yellow metal observed a slight uptick in the demand in the domestic bullion market as the price of 24-karat gold moved up by Rs100 to close at Rs126,300 per tola, the data revealed by Karachi Sarafa and Jewellers Association showed today.

Similarly, the price of 10-gram of 24k gold increased by Rs86 and was traded at Rs108,282 while the 10gm 22k gold was valued at Rs99,258.

On the contrary, the price of 24-karat silver remained stagnant at Rs1,460. Likewise, the price of 10-gram silver stayed flat at Rs1,251.71.

Meanwhile, the demand for safe-haven gold in the international market has dropped by $5 to $1,825 an ounce on higher bond yields and rallying equities. Meanwhile, silver was traded at $23.24 an ounce.

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