Gold shines on renewed US fiscal stimulus talks

December 2, 2020 (MLN): Gold prices jumped on Wednesday on renewed US fiscal stimulus package talks. Moreover, a weaker US dollar also supported the yellow metal. In the international market, the price of gold went up by US $30 and traded at US $1,831 per ounce while silver was pegged at US $24.26 an ounce.

On the domestic front, the price of 24 karat gold also soared by Rs 1,600 to Rs 113,800 in the bullion market. The precious yellow metal of 24-Karat had closed at Rs 112,200 per tola on the last day.

According to the data released by the All Sindh Saraf Jewellers Association, the price of 10-gram gold also increased by Rs 1,372 to Rs 94,993 against the price of Rs 93,621 reported in the previous session.

On the other hand, the price of silver tola and 10-gram silver remained unchanged at Rs 1200 and Rs 1,028.80 respectively, the association reported.

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Posted on: 2020-12-02T20:18:00+05:00