February 19, 2020 (MLN): Gold reached an all-time high level on Monday as the price of 12-gram gold jumped by Rs 2000 to close at Rs 96,300 in the local market owing to a sharp increase in demand for gold. The valuable yellow metal had closed at Rs 94,300 per 12 gram on previous trading day.
According to the Karachi Sarafa Association, gold price per 10 gram clocked in at Rs 82,562, up by Rs 1,715 from Rs 80,847 per 10 in the previous trade.
On the other hand, the silver prices remained flat and closed at Rs 1060 per 12 gram. Similarly, 10-gram silver remained stable at Rs 908.77.
In the global market, gold prices went up by $40 to $1,684 per ounce, while silver was valued at $18.77 per ounce.