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	134,299.77 290.06M	0.39% 517.42
ALLSHR	84,018.16 764.12M	0.48% 402.35
KSE30	40,814.29 132.59M	0.33% 132.52
KMI30	192,589.16 116.24M	0.49% 948.28
KMIALLSHR	56,072.25 387.69M	0.32% 180.74
BKTi	36,971.75 19.46M	-0.05% -16.94
OGTi	28,240.28 6.19M	0.21% 58.78

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,140.00	119,450.00 115,635.00	4270.00 3.75%
BRENT CRUDE	70.63	70.71 68.55	1.99 2.90%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.10 1.14%
ROTTERDAM COAL MONTHLY	108.75	108.75 108.75	0.40 0.37%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.75	68.77 66.50	2.18 3.27%
SUGAR #11 WORLD	16.56	16.60 16.20	0.30 1.85%