Gold gains Rs750 per tola, traders await Fed minutes
MG News | February 21, 2024 at 03:11 PM GMT+05:00
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.
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