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	180,512.65 448.22M	-1.39% -2537.16
ALLSHR	108,400.67 868.95M	-1.31% -1441.30
KSE30	55,207.56 114.28M	-1.38% -773.10
KMI30	255,372.52 163.47M	-1.65% -4292.29
KMIALLSHR	69,728.20 559.75M	-1.31% -922.50
BKTi	52,173.33 27.19M	-1.16% -613.90
OGTi	35,348.89 25.23M	-2.28% -823.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	65,525.00	68,520.00 65,200.00	-2190.00 -3.23%
BRENT CRUDE	67.41	69.85 67.20	-1.99 -2.87%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-0.15 -0.16%
ROTTERDAM COAL MONTHLY	104.00	104.50 103.55	1.20 1.17%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	62.72	65.10 62.54	-1.91 -2.96%
SUGAR #11 WORLD	13.80	13.92 13.67	-0.04 -0.29%