Gold rate reaches new high of Rs127,800 per tola

MG News | October 25, 2021 at 05:42 PM GMT+05:00

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October 25, 2021 (MLN): Extending its winning streak, gold rates on Monday increased in the domestic market as the price of 24-karat gold reached a new high of Rs127,800 per tola, up by Rs600 when compared to Rs127,200 per tola recorded the previous day.

According to data provided by Karachi Sarafa and Jewellers Association, the price of 10-gram of 24k gold also went up by Rs515 and was traded at Rs109,568 while the 10gm 22k gold was valued at Rs100,437.

On the other hand, the price of 24-karat silver and 10-gram of 24-karat silver remained unchanged at Rs1,470 and Rs1,260.28, respectively.

In the international market, the gold prices climbed by $9 to reach $1,802 an ounce due to the weak dollar. The dollar index was low, making the yellow metal more attractive for buyers holding other currencies. Similarly, the silver rate moved up to $24.43 an ounce.

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