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	184,129.58 798.69M	-1.97% -3702.50
ALLSHR	110,763.73 1,266.28M	-1.85% -2087.96
KSE30	56,278.51 173.32M	-2.19% -1261.46
KMI30	259,907.89 102.57M	-2.03% -5380.16
KMIALLSHR	71,198.64 822.49M	-1.72% -1247.03
BKTi	53,693.69 102.25M	-2.59% -1425.61
OGTi	37,589.24 28.20M	-2.72% -1052.27

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	70,580.00	0.00 0.00	320.00 0.46%
BRENT CRUDE	68.10	68.83 66.56	0.55 0.81%
RICHARDS BAY COAL MONTHLY	96.00	96.00 96.00	1.50 1.59%
ROTTERDAM COAL MONTHLY	102.75	103.25 101.30	2.25 2.24%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	63.50	0.00 0.00	-0.05 -0.08%
SUGAR #11 WORLD	14.14	14.30 14.07	-0.13 -0.91%