January 20, 2020 (MLN): Gold inched higher on Wednesday as the US Dollar remained on the backfoot amid prospects of a hefty fiscal relief package. In the international markets, the gold prices went up by USD 8 and traded at USD 1,853 per ounce while silver was valued at USD 25.43 an ounce.
Gold rates inched higher in the domestic bullion market as the price of 24 karat gold rose by Rs 150 to Rs 113,000 per tola against the price of Rs 112,850 per tola reported in the previous session.
According to the data provided by the All Sindh Saraf Jewellers Association, the price of 10-gram of 24k gold also increased by Rs 130 and was sold for Rs 96,880 at the closing of trade as opposed to Rs 96,750 reported yesterday.
However, silver rates remained unchanged at Rs1,300 per tola. The price of 10 grams of silver also stood the same at Rs1,114.54.
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