Gold extends gains amid Omicron fears

MG News | November 29, 2021 at 05:36 PM GMT+05:00

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November 29, 2021 (MLN): Gold extended gains on Monday as the price of 24 karat per tola gold witnessed an increase of Rs1,000 and was sold at Rs123,800 in the local market against its previous close of Rs122,800 on Saturday, as per data provided by Karachi Sarafa and Jewellers Association.

The price of 10-gram 24 karat gold also jumped by Rs857 to Rs106,138 from Rs105,281 while the 10-gm 22 karat gold was valued at Rs97,294 against Rs95,608 previously.

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

In the international market, the yellow metal traded at $1,794 an ounce, up by $7 as the discovery of a new coronavirus forced investors to flee to safety havens.

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