Gold prices steady ahead of US Fed meeting

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

0:00

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	69,820.00	71,145.00 69,345.00	-1005.00 -1.42%
BRENT CRUDE	95.79	101.59 95.55	3.81 4.14%
RICHARDS BAY COAL MONTHLY	99.40	0.00 0.00	-10.20 -9.31%
ROTTERDAM COAL MONTHLY	121.50	121.50 120.50	-0.35 -0.29%
USD RBD PALM OLEIN	1,083.50	1,083.50 1,083.50	0.00 0.00%
CRUDE OIL - WTI	90.54	95.97 88.61	3.29 3.77%
SUGAR #11 WORLD	14.22	14.53 14.18	-0.16 -1.11%