Gold prices in the last two days reached Rs 58, 850 per tola in the local market as the global market closed on $1166 an ounce, traders said on Friday. Gold prices posted an increase of Rs 50 per tola up from Rs 58,800. The price of 10-gram gold mounted to Rs 50,442 up from Rs 50,142 on Friday. On global market, the price of gold was cited US $1666 an ounce up from US $1662.

Copyright Business Recorder, 2012

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