Gold extends gains to a fourth session

MG News | July 20, 2020 at 05:20 PM GMT+05:00

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July 20, 2020 (MLN): The demand for safe-haven soared today, extending gains to a fourth straight session. The price of 24 Karat-Gold jumped by Rs 1,600 to Rs 111,250 per tola in the local market. The valuable yellow metal had closed at Rs 109,650 per tola on the previous trading day.

According to the Karachi Sarafa Association, the price of 10-gram gold also gained by Rs 1371 to settle at Rs 95,378 against Rs 94,007 on the last trading day.

On the other hand, the silver prices remained flat at Rs 1,110 per tola. Similarly, 10-gram silver remained stable at Rs 943.07.

In the international market, gold prices reached $1,813 an ounce, up by only $7 while silver was pegged at $19.50 per ounce.

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