Gold price rises to $1,866 an ounce

MG News | November 20, 2020 at 05:56 PM GMT+05:00

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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.

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Name	Price/Vol	%Chg/NChg
KSE100	153,866.17 113.04M	-0.36% -555.27
ALLSHR	92,322.41 289.91M	-0.18% -165.37
KSE30	47,054.02 67.50M	-0.57% -268.71
KMI30	220,139.18 52.42M	-0.81% -1787.82
KMIALLSHR	59,630.44 114.87M	-0.43% -258.98
BKTi	44,089.65 23.49M	-0.09% -38.05
OGTi	31,668.31 6.28M	-0.15% -47.11

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,495.00	74,210.00 70,200.00	850.00 1.20%
BRENT CRUDE	103.89	103.95 97.60	3.43 3.41%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-12.90 -11.49%
ROTTERDAM COAL MONTHLY	122.70	123.80 122.70	-1.10 -0.89%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	99.31	99.32 92.04	3.58 3.74%
SUGAR #11 WORLD	14.41	14.53 14.30	0.03 0.21%