GOLD PRICES PAKISTAN: The cost of 24-karat gold increased by Rs400 per tola to close the session at Rs217,200, giving Pakistani gold prices a good start to the week.

The price of 10-gram 24-karat gold closed today’s session at Rs186,214 posting a increase of Rs343. Meanwhile, 10-gram 22-karat gold stood at Rs170,696 gaining Rs314.

The domestic market saw no change in the price of silver; 24-karat and 10-gram 24-karat silver closed at Rs 2,670 and Rs 2,289.09, respectively.

Importantly, the value of domestic bullion increased last week, with 24-karat gold rising by Rs 1,200 per tola.

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It is worth to note that this positive session comes after five straight losses, during which the domestic bullion market lost a total of Rs6,300 on 24-karat gold.

XAUUSD

Gold Spot/ U.S. Dollar (XAUUSD) in Friday’s session lost (-$16.65) (-0.82%).

GOLD WEEKLY TECHNICAL ANALYSIS

XAUUSD posted an intraday high of $2027.27 and intraday low of $2015.19. Gold is currently trading at $2023.15 (3:18pm Monday, 18 December 2023 (GMT+5) Time in Pakistan).

ALI

ALI

Experienced Senior Research Analyst

SIKANDER RAZA

SIKANDER RAZA

Sikander Raza, a Senior Technical Analyst

HAMZA SALEEM

HAMZA SALEEM

Hamza Saleem, a Senior Business Analyst

IRSA

IRSA

Irsa Sajjad, as a Research Analyst for Equities

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