Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Gold gains Rs750 per tola, traders await Fed minutes

Gold price up by Rs700 per tola
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

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

Posted on: 2024-02-21T15:11:02+05:00