Following a robust global market trend, the domestic gold price has risen to K1,336,000 per tical (0.578 ounces, or 0.016 kilograms) in early 2021 according to gold traders, state media reported.

The gold price rallied to US$1,944 per ounce on 6 January 2021, whereas it stood at $1,893 per ounce on 31 December 2020, with a rise of $50 within one week. In Dec-end, yellow metal fetched K1,325,000 per tical in the domestic market. Then, the price showed an uptick this year, with K1,336,000 per tical on
6 January 2021.

The gold market hasd become sluggish as the pandemic shut down events like weddings and traditional festivals, gold traders pointed out.