Gold price rises to $1,866 an ounce

November 20, 2020 (MLN): The yellow metal gained on Friday from a risk-off environment induced by the news that most of the COVID-19 response programs will end that the Fed believed necessary for the economic stability. Moreover, the sell-off in the Treasury yields also supported the safe-haven.

In the international market, the price of gold went up by $7 to $1,866 per ounce while silver was pegged at $24.20 an ounce.

Gold prices rebounded today in the domestic bullion market as the price of 24 karat gold increased by Rs 500 to Rs 113,200 from Rs 112,700 recorded a day earlier.

According to the data released by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also jumped by Rs 428 to Rs 97,050 against the price of Rs 96,622 reported yesterday.

Likewise, the price of per tola silver and 10-gram silver also witnessed an increase of Rs 30 and Rs 25.72 to clock in at Rs 1,230 and Rs 1,054.52 respectively, the association reported.

Copyright Mettis Link News

Posted on: 2020-11-20T17:56:00+05:00

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