ISLAMABAD         -         The per tola price of 24 karat gold  appreciated by Rs 800 per tola on Saturday and was traded at Rs 90,300 as compared to Rs  89,500 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witnessed increase of Rs 686 and was traded at Rs 77, 418 against last closing of Rs76,732. The price of silver remained constant and was traded at Rs 1070 per tola and that of 10 gram silver was traded at Rs 917.35. In international market, the price of per ounce gold increased by $11 and was traded at $ 1556, Karachi Sarafa association reported.

 

The REC survey took place between Dec. 5 and Dec. 17, so included responses after Prime Minister Boris Johnson won a large majority, removing doubts over whether Britain would see a big shift in political direction under Labour Party leader Jeremy Corbyn or delay its Jan. 31 European Union departure.

A separate survey of purchasing managers by financial data company IHS Markit, published on Monday, showed increased optimism from firms polled after the election compared with those who replied just before.

However, the REC said some of the pick-up in demand for permanent staff could reflect tax changes that make it harder for employers to avoid social security payments by classifying workers as self-employed contractors.

Johnson has also said he will not seek any extension to a tariff-free post-Brexit transition period, raising the prospect of business disruption next year if long-term trade talks cannot be concluded swiftly.

“Lingering uncertainty around the Brexit deal to be secured will continue to weigh on employers’ decision making around hiring and investment over the coming months, as well as job-seekers desires to seek new opportunities,” said James Stewart, Vice Chair of accountants KPMG, who sponsor the survey.