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	189,166.83 407.93M	0.79% 1478.66
ALLSHR	112,809.65 875.49M	0.16% 181.96
KSE30	58,207.71 147.51M	1.27% 729.47
KMI30	269,497.03 190.79M	1.15% 3053.85
KMIALLSHR	72,828.34 555.24M	0.32% 235.69
BKTi	53,520.37 33.89M	-0.06% -32.37
OGTi	38,886.75 10.61M	-1.00% -393.22

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	89,285.00	90,135.00 88,850.00	-160.00 -0.18%
BRENT CRUDE	65.84	65.94 64.29	1.78 2.78%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-3.10 -3.45%
ROTTERDAM COAL MONTHLY	98.50	0.00 0.00	-0.30 -0.30%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	61.10	61.20 59.52	1.74 2.93%
SUGAR #11 WORLD	14.82	14.98 14.75	-0.14 -0.94%