Gold gains Rs750 per tola, traders await Fed minutes

MG News | February 21, 2024 at 03:11 PM GMT+05:00

0:00

February 21, 2024 (MLN): The price of 24-karat gold rose Rs750 per tola to Rs215,200 per tola on Wednesday.

The Karachi Sarafa Association reported that the price of 10-gram 24-karat gold was at Rs184,500, reflecting a marginal gain of Rs644 compared to the previous session.

While the price of 10-gram 22-karat gold ticked up to Rs169,124.

Traders worldwide await the release of the US Federal Reserve’s January 30/31 meeting minutes.

Silver prices remained unchanged today, with 24-karat silver being sold at Rs2,580 per tola and 10-gram silver being traded at Rs2,211.93.

It is worth mentioning that the domestic gold closed last week in the red zone due to a drop in international prices.

International spot gold traded near $2,028 with a change of 0.2% compared to the previous session.

The minutes from the Fed’s January policy meeting are due on Wednesday.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	157,496.10 196.19M	-2.30% -3714.58
ALLSHR	94,227.01 359.74M	-1.95% -1870.28
KSE30	48,330.20 95.67M	-2.92% -1451.54
KMI30	224,687.33 101.59M	-2.56% -5909.78
KMIALLSHR	60,839.09 199.88M	-2.16% -1344.18
BKTi	45,489.96 23.93M	-2.22% -1033.26
OGTi	32,083.47 15.22M	-1.82% -594.75

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	68,235.00	71,645.00 67,860.00	-3295.00 -4.61%
BRENT CRUDE	92.88	94.64 83.16	7.47 8.75%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-11.85 -10.65%
ROTTERDAM COAL MONTHLY	127.00	129.00 123.00	3.55 2.88%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	91.43	92.61 78.24	10.42 12.86%
SUGAR #11 WORLD	14.09	14.17 13.69	0.37 2.70%