Gold price closes up on interest

Karachi-Pakistan (Mar 24)  The gold price in international and domestic markets remained firm on back of interest by leading buyers while hedging put market under firm sentiments.

Price remained favourable for buyers in international and domestic markets during trading session and gold closed at $1,191 an ounce with $8 upward variation while domestic bullion price also witnessed firm trend. Gold in tola term up by Rs 248 per tola to stay at Rs 45,479 per tola while in grammage value, gold up by Rs 213 per ten grams to close at Rs 39,032 per ten grams respectively on Tuesday, dealers said. The general gold price remained firm as potential traders in international and domestic markets made deals and there were some signs of steady market in coming days ahead of buying for wedding and other festivities in India and Pakistan. The potential buyers remained busy in hedging as they were maintaining the market mechanism.

Source: DailyTimes