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Gold appreciates in local markets by Rs200 per tola

Gold appreciates in local markets by Rs200 per tola

KARACHI: Gold rates, extending recorded an upward surge in price, increasing by Rs200 to Rs90,400 per tola in the local market on Saturday.

Similarly, the price of 10 grams of gold appreciated by Rs172 to Rs77,503.

On the other hand, gold prices were steady in the global market observed gains as equities lost ground, with the coronavirus that originated in China showing no signs of slowing down amid escalating fears of a broader impact on economic growth.

Gold per ounce increased by dollar three, stabilising its value at 1570 dollars in the global market.

Earlier on February 7, Gold rates, extending a downward trend, further decreased by Rs400 to Rs90,200 per tola in the local market.