Gold pauses its two-day gaining streak

MG News | December 03, 2020 at 05:44 PM GMT+05:00

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December 3, 2020 (MLN): Snapping two-session gaining streak, gold prices slipped on Thursday in domestic bullion market. The price of 24 karat gold dropped by Rs.300 to Rs 110,500 per tola. The precious yellow metal of 24-Karat had closed at Rs 110,800 per tola yesterday.

According to the data released by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also dipped by Rs 257 to Rs 94,736 against the price of Rs 94,993 reported in the previous session.

On the other hand, the price of silver tola and 10-gram silver jumped by Rs 20 and Rs 17.15 to clock in at Rs 1,200 and Rs 1,028.80 respectively, the association reported.

In the international market, the price of gold witnessed increase of US$8 amid the weakness in US dollar and traded at US$ 1.839 per ounce, while silver was pegged at US$ 24.14 an ounce.

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