The price of gold resumed its uptrend in the domestic market and rose by Rs1,300 to close at Rs112,300 per tola on Saturday in line with the surge in the international bullion market.
The rates went up by Rs1,300 per tola to Rs112,300 and surged by Rs1,115 per 10-grams to Rs95,165 compared to Thursday’s prices.
Gold prices clocked in at R111,050 per tola and Rs95,165 on Thursday (September 2).
Gold advanced internationally as a slower-than-expected US jobs growth in August drove the dollar lower, casting doubts on the Federal Reserve’s tapering timeline, which provided support to the yellow metal.
International gold prices also increased by $13 to close at $1,830.25 on Saturday.