Gold gains Rs750 per tola, traders await Fed minutes

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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