February 13, 2024 (MLN): The price of 24-karat gold in the local bullion market remained stable at Rs214,300 per tola on Tuesday.

According to the Karachi Sarafa Association, the 10-gram 24-karat gold and the 10-gram 22-karat gold prices also stayed the same at Rs183,728 and Rs168,416 respectively.

Last week, 24-karat gold price in the domestic market dropped Rs1,700 per tola driven by the decline in international prices.

Silver prices also remained stable in the domestic market, with 24-karat silver being sold at Rs2,600 per tola and Rs2,229.08 per 10-gram.

On the global front, international spot gold traded near $2,025.7 as of 12:50pm, up 0.35% on the day.

Investors are closely monitoring the crucial US inflation data due later today, which may offer more clarity on the timing of the Federal Reserve’s interest rate cuts.

Copyright Mettis Link News

Posted on: 2024-02-13T12:51:36+05:00