Gold price in domestic market shoot up despite small increase in global bullion price.

MG News | June 12, 2018 at 08:00 PM GMT+05:00

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Gold price in domestic market rose by Rs 600 per tola despite small movement in global price. Per tola price reached Rs 59000, while 10 grams price improved by Rs 515 to Rs 50583.

The global price rose three dollars to 1,298 dollars per ounce.

Main factor behind this surge was the increase in value of dollar. Rupee depreciated by Rs 4.39 to Rs 119.99 resulted in import became costlier.

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