Gold prices increase by Rs900 per tola in the domestic market – Research Snipers

Gold prices increase by Rs900 per tola in the domestic market

The price of the yellow metal in the domestic market has continued to increase on Monday as the price of the per tola gold rose to Rs104,100 after an increase of Rs900.

On the other hand, the price of the 10-gram gold reached Rs89,248 after an increase of Rs771.

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The previous rates of gold in the international market rose by $15 per ounce to $1,772.44, resulting in an increase in the gold price in the domestic market.

It is pertinent to mention here that the prices of gold in the international market held steady today (Tuesday) and were heading for their biggest quarterly rise in more than four years. The increasing cases of the novel coronavirus (COVID-19) around the world have boosted the demand for the yellow metal.

Spot gold was mostly unchanged at $1,770.77 per ounce by 0052 GMT, just $8.29 shy of a nearly eight-year high of $1,779.06, hit last week.

The price of bullion has been increased by 12% this quarter and is on track for its best quarter since end-March 2016. On the other hand, the gold was also headed for its third straight monthly gain.

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