Gold prices remain depressed owing to vaccine optimism

MG News | November 24, 2020 at 06:19 PM GMT+05:00

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November 24, 2020 (MLN): The yellow metal prices plunged on Tuesday as the latest optimism about the possibly early rollout of the covid-19 vaccine knocked the safe-haven commodity. In the international market, gold price was trading at $1,815 per ounce, down by $ 51 while silver was pegged at $23.22 an ounce.

On a similar note, gold prices dropped in the domestic bullion market as the price of 24 karat gold decreased by Rs 2,350 to Rs 110,500 per tola from Rs 112,850 per tola recorded on Monday.

According to the data released by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also dropped by Rs 2,015 to Rs 94,736 against the price of Rs 96,751 reported in the previous session.

Likewise, the price of per tola silver and 10-gram silver also witnessed a fall of Rs 30 and Rs 25.73 to clock in at Rs 1,180 and Rs 1,011.65 respectively, the association reported.

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