Gold edges higher by Rs350 per tola

MG News | December 07, 2021 at 05:57 PM GMT+05:00

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December 7, 2021 (MLN): Gold continued to extend gains in the domestic bullion market today as the price of 24-karat gold inched up by Rs350 to close at Rs124,000 per tola.

Similarly, the price of 10-gram of 24k gold also increased by Rs300 and was traded at Rs106,310 while the 10gm 22k gold was valued at Rs97,451, as reported by Karachi Sarafa and Jewellers Association.

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.

In the international market, the demand for gold remained steady, saw an up of $1 to stand at $1,781 on the back of a strong dollar which offset the back for precious metal stemming from concerns regarding the economic impact of the emergence of Omicron. Meanwhile, silver was traded at $22.43 an ounce.

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