Gold ends lower on Monday in domestic bullion market

MG News | October 26, 2020 at 06:49 PM GMT+05:00

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October 26, 2020 (MLN): Gold edged higher on Monday in international market, despite mounting fears over a second COVID-19 wave and lack of progress on US stimulus package to combat pandemic, as gold prices moved up by $2 and traded at $1,904 per ounce, while silver was pegged at $24.30 an ounce.

On the domestic front, the price of 24 karat gold decreased by Rs.100 to Rs.115,250 in the domestic bullion market. The precious yellow metal of 24-Karat had closed at Rs. 115,350 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 dropped by Rs. 86 to Rs.98,808 against the price of Rs. 98,894 reported on Friday.

On the similar note, the price of silver tola and 10-gram silver dipped by Rs 10 and Rs 8.58 to trade at Rs 1,230 and Rs 1,063 respectively, the association reported.

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