Gold price soars to $1,958 owing to sharp sell-off in US Dollar

MG News | November 06, 2020 at 05:13 PM GMT+05:00

0:00

November 06, 2020 (MLN): Gold prices showed a stellar performance on Friday. The price of yellow metal jumped to $1,958 an ounce on an account of sharp sell-off in the US dollar as prospects of Joe Biden’s victory have increased in the US election.

The while metal in the international market was traded at $25.82 per ounce

On the domestic front, the price of 24 karat gold surged by Rs 1,400 to Rs 116,000 in the bullion market. The precious yellow metal of 24-Karat had closed at Rs 114,600 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 increased by Rs 1,200 to Rs 99,451 against the price of Rs 98,251 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 Rs 1,250 and Rs 1,071.67 respectively, the association reported.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,603.73 379.80M	-0.50% -908.92
ALLSHR	108,021.19 705.75M	-0.35% -379.48
KSE30	54,828.33 124.04M	-0.69% -379.24
KMI30	253,396.08 110.85M	-0.77% -1976.44
KMIALLSHR	69,330.18 392.81M	-0.57% -398.02
BKTi	51,913.39 44.12M	-0.50% -259.93
OGTi	35,053.03 27.27M	-0.84% -295.86

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	68,980.00	69,580.00 65,970.00	3480.00 5.31%
BRENT CRUDE	67.73	68.05 66.89	0.21 0.31%
RICHARDS BAY COAL MONTHLY	96.00	0.00 0.00	-1.50 -1.54%
ROTTERDAM COAL MONTHLY	104.60	104.60 104.60	1.30 1.26%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	62.81	63.26 62.14	-0.03 -0.05%
SUGAR #11 WORLD	13.55	13.57 13.42	0.07 0.52%