Gold extends its record-breaking run

MG News | August 07, 2020 at 06:01 PM GMT+05:00

0:00

August 7, 2020 (MLN): The yellow metal extended its record-breaking run, driven by expectations of more stimulus measures to counteract the economic disruption caused by coronavirus pandemic. In the international market, the gold prices edged higher to $2,054 per ounce.

So far, safe-haven gold has rallied more than 35% this year.

The other precious metal, silver also surged to $28.18 an ounce.

On the domestic front, gold prices shot up by Rs 2,500 to an all-time high of Rs 132,000 per tola on Friday as investors continued to flock on the safe-haven asset. The valuable yellow metal had closed at Rs 129,500 per tola on the previous day.

The price of 10-gram gold also continued its rally and settled at Rs 113,169 against the previous close of Rs 111,025 per 10-gram.

On a similar note, the 24 Karat- Silver inched up by Rs 60 to clock in at Rs 1,710 per tola. Moreover, 10-gram silver witnessed an increase of Rs 51.44 to close at Rs 1,466.04, as per the Karachi Sarafa Association.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	152,740.38 147.44M	-1.01% -1551.88
ALLSHR	91,858.47 324.25M	-0.86% -800.10
KSE30	46,223.61 86.89M	-1.45% -681.25
KMI30	219,130.92 66.08M	-1.15% -2553.50
KMIALLSHR	59,625.28 139.61M	-0.93% -562.17
BKTi	42,104.46 39.09M	-2.02% -866.56
OGTi	32,077.87 10.13M	-1.27% -414.19

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,725.00	71,140.00 70,425.00	-10.00 -0.01%
BRENT CRUDE	102.03	102.21 100.51	2.09 2.09%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.50 -10.37%
ROTTERDAM COAL MONTHLY	123.30	123.30 123.30	1.70 1.40%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	90.90	91.00 88.50	2.77 3.14%
SUGAR #11 WORLD	15.52	15.75 15.38	-0.18 -1.15%