The cofounders of Glassnode, a leading blockchain analytics firm, have made a bold prediction regarding the future of Bitcoin BTCUSD in relation to gold. In a recent tweet from the account 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰, managed by the Glassnode cofounders, they highlighted the ongoing battle between Bitcoin and gold, stating that Bitcoin “dominates Gold – big time.”

The tweet elaborated on their forecast, suggesting a staggering 65x ratio in favor of Bitcoin over gold by the end of the current market movement. Currently, this ratio stands at approximately 34x, indicating that while significant progress has been made, there is still a considerable journey ahead for Bitcoin to fully realize this prediction.

Remember #Gold vs. #Bitcoin?#BTC dominates #Gold – big time. We suggested a 65X ratio to come at the end of the move.

For now we have only reached ~34X. But…. there is an End Date in sight 😉

More highs to come into this extreme #BlowOffTop as forecasted by @HenrikZeberg pic.twitter.com/ePmzvJ1M49— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) March 14, 2024

Bitcoin at pivotal moment

The message also hinted at an “end date,” which appears to be in sight, suggesting that the market may be approaching a pivotal moment in this financial narrative. The Glassnode cofounders’ Bitcoin forecast aligns with the views of several enthusiasts and investors who believe that Bitcoin, often referred to as “digital gold,” is on a path to not only challenge but potentially surpass gold as a store of value and investment asset.

This perspective is bolstered by the increasing adoption of Bitcoin and other cryptocurrencies by retail and institutional investors alike, as well as by advancements in blockchain technology and regulatory frameworks. However, it is important to note that the comparison between Bitcoin and gold is complexity, and influenced by a multitude of factors including market sentiment, technological developments, regulatory changes and macroeconomic trends.

Meanwhile, this prediction comes at a time when Bitcoin has reached a new all-time high (ATH), approximately $73,700, showcasing the cryptocurrency’s tremendous growth and resilience. Despite a slight dip to $72,738, marking a 0.03% decrease in the last 24 hours, Bitcoin has experienced an impressive 40.74% increase over the past month, underscoring the bullish sentiment surrounding the digital currency.

KARACHI: Gold prices in Pakistan decreased marginally on Tuesday in line with the decline in the international rate.

The yellow metal was priced at Rs230,100 per tola after shedding Rs100 during the day.

The 10-gram gold was sold at Rs197,274 after a decrease of Rs86, according to rates shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

On Monday, gold prices in Pakistan had remained unchanged at Rs230,200 per tola.

Meanwhile, silver rates remained stable at Rs2,600 per tola.

Gold rate in Pakistan today on March 14, 2024 is Rs228,550 per tola for 24-carat of the precious metal, while the price for 10 gram gold is Rs195,945 in the local bullion market.

On Thursday, the price of 1 tola gold increased by Rs250 and 10-gram gold rose by Rs215.

These are live gold prices in Pakistan, including Karachi, Lahore, Islamabad, Rawalpindi, Quetta, Multan, and others. However, a change of a few hundred rupees may be observed.

Internationally, the rate of the yellow metal increased by $9 to settle at $2,188 per ounce (with a premium of $20 in Pakistani market).

Silver 24kt rate in Pakistan on Thursday is Rs2,600 per tola. The price of 10 gram silver is Rs2,229.08.

Gold, silver rates per tola in last 10 sessions:

The rates of gold in Pakistan closely follow trajectory of the US dollar and international rates of the commodity as the country remains a net importer of the precious metal.

When the rupee is under pressure, investors take refuge in this safe-haven metal. Other than that, the precious metal is also widely used in making of jewellery.

Gold and silver prices are fixed by respective Sarafa associations in their city.

The precious yellow metal is a store of value across the world, and recognised by cultures as a symbol of wealth.

For thousands of years, gold and silver have been seen as valuable commodities, as the two metals have been widely used for coins for centuries.

What determines the rate of gold?

There happen to be a number of factors that affect the price of gold on daily basis.

Its rates are moved by a combination of various elements such as demand and supply, value of rupee against the US dollar, international prices, interest rates, investor behavior, etc.

Some also consider gold as an inflation hedge, and the precious metal also garners support in case of economic uncertainty in a country like Pakistan. It is a worldwide commodity just like oil.

In Pakistan, it’s not easy to forecast future gold rates as the bullion market remains volatile for multiple reasons.

Since last year, the prices of the yellow metal have seen fluctuation on rupee’s devaluation and economic and political uncertainty.

One tola gold rate in Pakistan hit all-time of Rs240,000 on May 10, 2023.

The domestic currency has devalued significantly in last many months, pushing investors to seek out safe-haven assets such as gold.

Demand for the precious metal increases when investors rush to buy it, which affects its price in the market.

Other than that, jewellery can also be considered one of the drivers of gold prices, but a weaker one, as most people buy jewellery to keep that for years.

COSTA MESA, Calif., March 14, 2024 /CNW/ –  Gold Flora Corporation, (“Gold Flora” or the “Company”) (NEO: GRAM), a leading vertically-integrated single-state cannabis company today announced it will report financial results for the fourth quarter and full year ended December 31, 2023, on Thursday, March 28, 2024. The Company will host a conference call to discuss the results on March 28, 2024 at 6:00 p.m. Eastern Time.

For more information on Gold Flora Corporation, visit: www.ir.goldflora.com.

About Gold Flora Corporation

Gold Flora Corporation is a female-led, vertically-integrated cannabis leader that owns and operates a robust portfolio of 10 cannabis brands, which are sold through its 16 retail dispensaries and, through its Stately Distribution business, to retailers throughout California. Its retail operations include Airfield Supply Company, Caliva, Coastal, Calma, King’s Crew, Varda, Deli, and Higher Level.

Gold Flora Corporation operates an indoor cultivation canopy of approximately 107,000 square feet across three facilities in its Desert Hot Springs campus and two San Jose cultivation facilities. The Company can expand further adding approximately 240,000 square feet of canopy on already entitled additional acreage. Importantly this opportunity is unique and can be timed to meet market demand. The current 200,000 square-foot Desert Hot Springs campus also houses the Company’s manufacturing and extraction facilities, as well as Stately Distribution. The centralized location provides for optimal security and logistic benefits and protects the product as it moves though the Company’s overall pipeline.

Story continues

With hubs throughout the state, the Company distributes many prominent brands, including its own premium lines of Gold Flora, Cruisers, CURRENT, Roll Bleezy, Sword & Stoned, Aviation Cannabis, Jetfuel Cannabis, Caliva, Mirayo by Santana, and Monogram. Third party brands are increasingly contacting the Company in search of reliable input sources and established distribution.

References to information included on, or accessible through, websites and social media platforms do not constitute incorporation herein by reference of the information contained at or available through such websites or social media platforms, and the reader should not consider such information to be part of this press release.

For the latest news, activities, and media coverage, please visit www.goldflora.com.

SOURCE Gold Flora Corporation

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2024/14/c3991.html

New Delhi . Gold prices in the domestic bullion market are witnessing a correction today. After reaching a peak, profit-booking has started in gold, due to which the price of this precious metal has fallen by Rs 130 per gram to Rs 250 per 10 grams in most of the bullion markets of the country. Contrary to gold, silver is showing an upward trend today. Due to this bullishness, silver is trading at a level of Rs 77,000 per kg in the Delhi bullion market today.

In the national capital Delhi, 24 carat gold is trading at a level of Rs 66,260 per 10 grams today, while the price of 22 carat gold has been recorded at Rs 60,750 per 10 grams. Similarly, in Mumbai, 24 carat gold is being sold at Rs 66,110 per 10 grams and 22 carat gold at Rs 60,600 per 10 grams. While in Chennai, the retail price of 24 carat gold is Rs 67,930 per 10 grams and the price of 22 carat gold is Rs 61,350 per 10 grams.

Apart from these major cities, in Ahmedabad, 24 carat gold is being sold today at a price of Rs 66,160 per 10 grams and 22 carat gold at a price of Rs 60,650 per 10 grams. Similarly, in Kolkata, 24 carat gold has reached a level of Rs 66,110 per 10 grams and 22 carat gold at Rs 60,600 per 10 grams.

In the Lucknow bullion market, 24 carat gold is trading at a level of Rs 66,260 per 10 grams today and 22 carat gold at a level of Rs 60,600 per 10 grams. At the same time, the price of 24 carat gold in Patna has reached Rs 66,160 per 10 grams, while 22 carat gold is being sold at a level of Rs 60,650 per 10 grams. Similarly, in Jaipur, 24 carat gold is being sold at Rs 66,260 per 10 grams and 22 carat gold at Rs 60,600 per 10 grams.

Like other states of the country, the price of gold has also weakened in the bullion markets of Karnataka, Telangana and Odisha. In the capitals of these three states, Bengaluru, Hyderabad and Bhubaneswar, 24 carat gold is trading at a level of Rs 60,110 per 10 grams today. At the same time, 22 carat gold is being sold at a level of Rs 60,600 per 10 grams in the bullion markets of these three cities.

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Saigon Jewelry Company gold bar price slid 1.8% to VND81 million (US$3,284.34) per tael Wednesday morning from the peak established in the previous day.

first published: March 14, 2024, 11:29 IST

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Saigon Jewelry Company gold bar price rose 0.75% to VND81.1 million ($3,283.73) per tael Thursday.

The gold price today in Delhi is 6049 per gram for 22 karat gold and 6598 per gram for 24 karat gold.

The price of gold in India today is 6,034 per gram for 22 karat gold and 6,583 per gram for 24 karat gold

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Check Gold Price In Your City Today On 14th March 2024

Gold Price Today In Mumbai

The price of gold in Mumbai is 6034 per gram for 22 karat gold and 6583 per gram for 24 karat gold.

Gold Price Today In Kolkata

The gold price today in Kolkata is 6034 per gram for 22 karat gold and 6583 per gram for 24 karat gold.

Gold Price Today In Chennai

The Gold price today in Chennai is 6109 per gram for 22 karat gold and 6664 per gram for 24 karat gold.

Gold Price Today In Delhi

The gold price today in Delhi is 6049 per gram for 22 karat gold and 6598 per gram for 24 karat gold.

Gold Price Today In Thane

The gold price today in Thane is 6034 per gram for 22 karat gold and 6583 per gram for 24 karat gold.

Gold Price Today In Surat

The gold price today in Surat is 6039 per gram for 22 karat gold and 6588 per gram for 24 karat gold.

Gold Price Today In Pune

The gold price today in Pune is 6073 per gram for 22 karat gold and 6625 per gram for 24 karat gold.

Gold Price Today In Nagpur

The gold price today in Nagpur is 6034 per gram for 22 karat gold and 6583 per gram for 24 karat gold.

US Open champion Coco Gauff, who celebrated her 20th birthday with a “straightforward” victory at Indian Wells on Wednesday, says on-court goals are her priority for the next decade.

“Tennis goals, definitely to win some more slams, and I want to medal at this Olympics or 2028,” Gauff said after cruising past Elise Mertens 6-0, 6-2 to reach the quarter-finals in the California desert.

“Life goals, honestly, I haven’t thought that far,” she said.

“I’m not trying to get married or anything,” she added with a smile. “Definitely no kids.

“Just tennis right now, and we’ll see where life takes me off the court.”

With her birthday falling in the midst of a prestige tournament, Gauff wasn’t planning any major celebration. In fact, she said, even thinking of a gift for herself was hard.

“I haven’t gotten anything for myself,” she said. “I always forget, to be honest.

“I always say I’m going to get myself something. I still haven’t gotten myself anything from US Open! I always say I’m going to buy myself (something) and I just forget.

“I do have gifts in my hotel room that have to be opened today.”

One reason it might be so hard to reward herself, Gauff hinted is that “the things that I want I can’t buy.”

“I mean, the things that I want I already have. You know, I’m healthy, happy, on tour, living the dream.”

Gauff, who made her WTA debut shortly after her 15th birthday in the main draw at Miami, said the celebrity that has come with her success — including lately a Vogue cover story — sometimes flummoxes her.

“I guess everything with off-court, that’s definitely more the “why me” part,” she said. “Because winning was always something I just envisioned myself doing, just because that’s just what every tennis player envisions.

“Definitely the off-court stuff, when it comes to the covers and the attention from other celebrities or just people in general, it is kind of like, I don’t know why people gravitate to me so much.

“But I definitely do appreciate it and it makes me feel loved and I hope I can make other people feel the same way.”

bb/rcw