Gold holds firm at Rs230,200 per tola

MG News | March 11, 2024 at 03:10 PM GMT+05:00

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March 11, 2024 (MLN): The local bullion market held stable on Monday, with the price of 24-karat gold remaining unchanged at Rs230,200 per tola.

Last week, 24-karat gold spiked nearly Rs10,000 per tola to a level not witnessed since September 2023.

The Karachi Sarafa Association reported that the price of 10-gram 24-karat gold also stayed the same at Rs197,360, while the price of 10-gram 22-karat gold was at Rs180,913.

Silver prices also saw no movement today, with 24-karat silver still being sold at Rs2,600 per tola and Rs2,229 per 10-gram.

On the global front, international spot gold traded near $2,179 an ounce, little changed from the previous session.

Investors are watching for a possible hotter-than-expected US inflation read on Tuesday, which could muddy the path for monetary policy.

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