June 29, 2020 (MLN): The gold market rallied as investors rushed to safe-haven assets amid capital markets volatility. The price of 24 karat-gold jumped by Rs 1600 to Rs 104,400 per tola in the local market today as well. The valuable yellow metal had closed at Rs 102,800 per tola on the previous trading day.
According to the Karachi Sarafa Association, the price of 10-gram gold also gained Rs 1,372 to settle at Rs 89,506 against Rs 88,134 on the last trading day.
On the other hand, the silver prices remained flat at Rs 1,050 per tola. Similarly, 10-gram silver stayed stagnant at Rs 900.20.
In the international market, gold prices ticked up by $10 to $ 1,772 per ounce when compared to $1,762 while silver was pegged at $17.90 per ounce.
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