Gold gains traction, Prices jump by Rs300 per tola

By MG News | Category Commodities | November 08, 2021 at 05:44 PM GMT+05:00

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November 8, 2021 (MLN): The single tola price of 24 Karat gold in the domestic bullion market jumped by Rs300 per tola to clock in at Rs123,300 on Monday.

According to data provided by Karachi Sarafa and Jewellers Association, the price of 10-gram of 24k gold also inclined by Rs257 to Rs105,710 while 10gm 22k gold traded at Rs96,900 against Rs94,464 on Friday.

On the other hand, the price of 24-karat silver and 10-gram of 24-karat silver remained unchanged at Rs1,440 and Rs1,234.56 respectively.

In the international market, the retreat in bond yields was a boon for gold, which lifted it to as high as $1,821.26 an ounce on Monday before declining to $1,817 an ounce.

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