Gold prices slip on robust Dollar

News Image

MG News | October 16, 2017 at 03:58 PM GMT+05:00

0:00

Prices for Gold slipped on Monday after robust dollar and improving performance of Asian equities. The bullion gained around 0.9 percent at Monday close, after US President Trump announced he will not certify the nuclear deal held with Iran. The bullion resumed upward trajectory after the announcement, crude also picked up after the US decertified Iranian Nuclear deal.

Spot gold was down 0.2 percent at $1,302.51 an ounce as of 0358 GMT, while U.S. gold futures for December delivery were unchanged at $1,304.80 per ounce.

\"\"

Asian shares on the other hand witnessed a major rebound following on the US surge in prices, oil futures also increased as Iraqi Army entered the Kurdistan region to fight the rebel state.

Silver was flat at $17.35 an ounce after hitting its highest since mid-September earlier in the session.

\"\"

Platinum eased 0.2 percent to $942.50 an ounce, while palladium was 0.4 percent higher at $992.40.

Related News

Name Price/Vol %Chg/NChg
KSE100 174,472.80
415.89M
0.33%
576.45
ALLSHR 104,651.34
842.56M
0.49%
512.09
KSE30 53,490.51
167.58M
0.40%
214.40
KMI30 249,663.89
207.53M
0.51%
1277.01
KMIALLSHR 68,039.48
418.05M
0.42%
287.19
BKTi 48,368.14
50.33M
0.46%
219.70
OGTi 34,867.38
19.89M
1.69%
580.53
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 88,475.00 88,620.00
87,125.00
915.00
1.05%
BRENT CRUDE 61.72 61.88
60.95
0.23
0.37%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-0.10
-0.12%
ROTTERDAM COAL MONTHLY 96.30 96.65
96.30
0.00
0.00%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 58.31 58.47
57.60
0.23
0.40%
SUGAR #11 WORLD 15.18 15.26
15.18
-0.08
-0.52%

Chart of the Day


Latest News
December 30, 2025 at 04:54 PM GMT+05:00

Pakistan’s GDP rises 3.71% in Q1FY26


December 30, 2025 at 04:34 PM GMT+05:00

CCP steps up crackdown on deceptive marketing in 2025


December 30, 2025 at 04:33 PM GMT+05:00

Banks, SBP closed to public on January 1


December 30, 2025 at 04:33 PM GMT+05:00

PKR remains flat against USD


December 30, 2025 at 04:27 PM GMT+05:00

PSX Closing Bell: Bulls Take a Step Forward



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg