KARACHI: The yellow metal’s price on domestic and international markets witnessed an improvement as buyers made deals on dollar-metal price parity, traders said.
Stakeholders in leading trading countries and in Pakistan made moderate deals ahead of Futures Gold price and output report that may decide changes in basic rates and signal its future course of action.
Domestic bullion price witnessed the same upward trend. Gold in tola term gained Rs 281 per tola to close at Rs 47,857 per tola while in grammage value, gold remained up by Rs 241 per ten grams to close at Rs 41,073 per ten grams, dealers said. Spot gold was quoted at $1,220 an ounce, when it got support nearly $8 an ounce in the trading session.
Trading was moderate in the physical sector and buyers are waiting for gold to go lower before buying again. We can expect prices to be largely confined to a similar kind of range, said Humayoon Ahmad Mani, senior member of Karachi Gold Market Association.
Mercuria, a global commodities trading firm headquartered in Geneva, finds its senior executives under scrutiny…
Pakistan Stock Exchange (PSX) remained bullish for the second session in a row on Monday,…
The rupee remained on the back foot against the US dollar in the interbank market…
The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between Pakistan…
Gold price in the country snapped a six-session losing streak and increased by Rs2,500 per…
Chairman of the Prime Minister Youth’s Programme(PMYP) Rana Mashhood has underscored the success of the…
Leave a Comment