Gold price rises to $1,878 an ounce as bond yields decline

MG News | November 13, 2020 at 05:18 PM GMT+05:00

0:00

November 13, 2020 (MLN): Gold prices jumped on Friday on increased demand from gold buyers amid a decline in yields of US Treasury bonds. Moreover, reviving hopes for a fiscal stimulus package also supported the yellow metal. In the international market, the price of gold went up by US $6 and traded at US $1,878 per ounce while silver was pegged at US $24.26 an ounce.

On the domestic front, the price of 24 karat gold also increased by Rs 400 to Rs 112,200 in the domestic bullion market. The precious yellow metal of 24-Karat had closed at Rs 111,800 per tola on the last day.

According to the data released by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also rose by Rs 343 to Rs 96,193 against the price of Rs. 95,850 reported yesterday.

Likewise, the price of per tola silver and 10-gram silver also witnessed an increase of Rs 20 and Rs 17.15 to Rs 1,200 and Rs 1,011.65 respectively, the association reported.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,631.73 408.94M	3.13% 4898.86
ALLSHR	98,254.73 951.34M	2.71% 2590.07
KSE30	49,377.29 213.50M	3.40% 1624.91
KMI30	232,700.28 121.13M	2.88% 6525.03
KMIALLSHR	64,179.60 399.93M	2.39% 1496.52
BKTi	46,334.17 105.09M	5.56% 2441.42
OGTi	31,362.73 10.58M	1.56% 482.31

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,880.00	111,630.00 107,835.00	2925.00 2.73%
BRENT CRUDE	64.58	65.15 63.81	0.21 0.33%
RICHARDS BAY COAL MONTHLY	86.00	86.00 86.00	-1.90 -2.16%
ROTTERDAM COAL MONTHLY	96.50	99.00 96.50	-2.70 -2.72%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	60.88	61.38 59.99	0.31 0.51%
SUGAR #11 WORLD	14.42	14.49 14.20	0.14 0.98%