December 28, 2021 (MLN): The demand for yellow metal jumped in the domestic bullion market as the price of 24-karat gold edges higher by Rs100 to close at Rs126,200 per tola, the data revealed by Karachi Sarafa and Jewellers Association showed today.

Similarly, the price of 10-gram of 24k gold also inclined by Rs79 and was traded at Rs108,196 while the 10gm 22k gold was valued at Rs99,180.

On the contrary, the price of 24-karat silver remained stagnant at Rs1,460. Likewise, the price of 10-gram silver stayed flat at Rs1,251.71.

In the international market, gold witnessed a rise of $12 to stand at $1,817 an ounce as the U.S dollar weakened and concerns over the spread of the Omicron coronavirus variant led bullion's year-end rally to a more than one-month high. Meanwhile, silver was traded at $23.21 an ounce.

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