Gold prices steady ahead of US Fed meeting

By MG News | March 20, 2024 at 01:14 PM GMT+05:00

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March 20, 2024 (MLN): The domestic bullion edged higher on Wednesday, with the price of 24-karat gold gaining Rs500 to Rs227,800 per tola.

The Karachi Sarafa Association reported that the price of 24-karat gold reached Rs195,302 per 10-gram, reflecting an increase of Rs429.

Similarly, the price of 22-karat gold rose and was quoted at Rs179,027 per 10-gram.

On the other hand, silver prices remained unchanged, with 24-karat silver being sold at Rs2,580 per tola and Rs2,211.93 per 10-gram.

Last week, 24-karat gold snapped its two-week-long upward journey and settled with a loss of Rs2,700 per tola.

On the global front, international spot gold traded near $2,155.8 an ounce, down by 0.08% from the previous session.

Investors are closely monitoring the US Federal Reserve's policy decision later today, with the market largely expecting the Fed to hold firm.

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,255.00	108,430.00 105,440.00	2505.00 2.37%
BRENT CRUDE	67.67	68.10 66.94	0.56 0.83%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	109.20	110.00 108.25	1.70 1.58%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	65.96	66.43 65.23	0.51 0.78%
SUGAR #11 WORLD	15.60	15.97 15.58	-0.10 -0.64%