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Gold rates edge up

Gold rates edge up

KARACHI: Gold prices in the local market edged up by Rs50 to Rs86,900 per tola, according to media.

The rate of 10 grams of yellow metal also increased by Rs38 to Rs74,498.

Yesterday, per tola price of gold had fallen by Rs50 to Rs86,850 in the domestic market, while rate of 10 grams gold decreased by Rs42 to Rs74,460.

Gold in global market also edged lower after a Brexit deal was struck by Britain and the European Union, though losses were limited by weak economic data from the United States and China.

Spot gold was down 0.2% at $1,489.02 an ounce at 1143 GMT. U.S. gold futures fell 0.4% to $1,492.50.