Gold extends gains to a fifth session

July 09, 2020 (MLN): Gold surged again today, extending gains to a fifth straight session despite the rise in the local benchmark stock index. The price of 24 Karat-Gold jumped by Rs 800 to Rs 109,100 per tola in the local market. The valuable yellow metal had closed at Rs 108,300 per tola on the previous trading day. 

According to the Karachi Sarafa Association, the price of 10-gram gold also gained by Rs 686 to settle at Rs 93,536 against Rs 92,850 on the last trading day.

On the other hand, the silver prices remained flat at Rs 1,060 per tola.  Similarly, 10-gram silver stayed stagnant at Rs 908.78.

In the international market, gold prices reached $1,814 an ounce, up by $12 while silver was pegged at $18.95 per ounce.

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Posted on: 2020-07-09T16:47:00+05:00