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Gold price up by Rs700 per tola, silver unchanged

Gold price up by Rs700 per tola
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February 26, 2024 (MLN): The domestic bullion market started the week on a positive note, with the price of 24-karat gold increasing by Rs700 per tola to reach Rs215,800 per tola on Monday.

The Karachi Sarafa Association reported that the price of 10-gram 24-karat gold was at Rs185,014, reflecting a gain of Rs600 compared to the previous session.

While the price of 10-gram 22-karat gold increased to Rs169,596.

It is worth mentioning that the domestic gold last week broke free of its two-week losing streak by gaining Rs1,900 per tola.

On the other hand, silver prices remained unchanged today, with 24-karat silver being sold at Rs2,570 per tola and Rs2,203.36 per 10-gram.

Globally, international spot gold traded near $2,032 per ounce, down 0.1% DoD.

The latest Fed minutes have signaled that most US officials are in no rush to cut rates.

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Posted on: 2024-02-26T16:23:46+05:00