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.

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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

Major U.S. equities indexes were mixed Wednesday as the rally in the tech sector lost steam in the midweek trading session.

Following Tuesday’s report showing higher-than-expected inflation in February, investors will get a look at that month’s retail sales and Producer Price Index (PPI) data on Thursday. The reports will serve as additional data points for the Federal Reserve as it evaluates potential interest rate cuts.

The S&P 500 slid 0.2%, receding from Tuesday’s record close. The underperforming tech sector contributed to declines of 0.5% for the Nasdaq, while the Dow was up 0.1%

After gold prices slipped on Tuesday, the rally in the precious metal regained momentum, providing a boost to mining stocks. Shares of Freeport-McMoRan (FCX), operator of the mine with the world’s largest known gold reserve, topped the S&P 500 on Wednesday, adding 7.6%.

Gold was not the only commodity trading higher on the day—crude oil futures prices also jumped roughly 3% following an unexpected withdrawal in U.S. crude inventories and Ukrainian strikes against Russian refineries. The higher prices helped underpin a strong performance by companies in the oil and gas sector. Valero Energy (VLO) shares were up 5.2%, while shares of Marathon Petroleum (MPC) and APA Corp. (APA) added 4.2% and 3.6%, respectively.

Shares of 3M Co. (MMM) moved 5.4% higher, adding to gains posted Tuesday after the conglomerate announced a leadership shakeup. Incoming CEO Bill Brown will take the reins as the company prepares to spin off its health care division and continues to face litigation related to “forever chemicals.”

Dollar Tree (DLTR) shares posted Wednesday’s weakest performance on the S&P 500, plummeting 14.2% after the discount retailer missed profit and sales estimates for the holiday quarter. The company also announced plans to close around 1,000 of its Family Dollar stores over the next few years, citing macroeconomic uncertainties and issues with the timely stocking of merchandise.

Shares of Fair Isaac Corp. (FICO) tumbled 6.2% amid reports that Senator Josh Hawley (R-Mo.) sent a letter to the Department of Justice requesting an investigation into anticompetitive practices by the credit reporting firm. According to Hawley’s criticism, because obtaining a loan from the Federal Housing Administration and other government entities requires a FICO score, the situation equates to a “government-granted monopoly.”

Tesla (TSLA) shares fell 4.5% after Wells Fargo downgraded the stock to underweight and slashed its price target to $125 from $200. Analysts said the electric vehicle (EV) giant is unlikely to generate sales growth in 2024, even as price cuts across various markets curtail profits.

“Today’s new resource estimate at Northwest Expo has exceeded our expectations of defining a 40-to-50-million-tonne resource within the gold enriched Zone 1,” Northisle president and CEO Sam Lee said in a release. “This sets a strong basis for the rapid advancement of a potential high margin, near surface deposit.”

Shares in Northisle rose more than 11% to C$0.44 apiece in Toronto on Wednesday afternoon, valuing the company at C$99.2 million. They’ve ranged from C$0.12 to C$0.49 over the past 52 weeks.

Northisle is working on a prefeasibility study for North Island and is considering a staged approach with lower capital spending than the C$1.4 billion estimate in a preliminary economic assessment (PEA) in 2021. The project, near BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) former Island copper mine in Vancouver Island’s far north, holds about 8 million oz. gold in resources.

The entire project holds 567.7 million indicated tonnes grading 0.2% copper, 0.3 gram gold per tonne and 0.007% molybdenum for 2.4 billion lb. copper, 4.9 million oz. gold and 88.2 million lb. molybdenum. It has 447.9 million inferred tonnes at 0.2% copper, 0.2 gram gold and 0.006% molybdenum for 1.4 billion lb. copper, 3 million oz. gold and 54.9 million lb. molybdenum.

Higher-grade areas

A staged development would prioritize the higher-grade areas of the Northwest Expo, Red Dog and Hushamu targets. Studying the concept is expected to be completed by July and form the basis for advanced economic and technical studies, it said.

Northisle is planning to drill after March to increase the indicated resource and to step out south of Zone 1 in Northwest Expo and at the West Goodspeed discovery.

The Northwest Expo target has a net smelter revenue value of C$55 per tonne for the indicated resource as a whole and C$67 per tonne for a higher-grade zone in it, which is more than twice the net smelter value in the project’s PEA, the company said. The project also has 88% gold and 76% copper recoveries and a strip ratio of 2.5:1 waste vs ore, it said.

North Island has an after-tax net present value of C$1.1 billion with an 8% discount rate and a 19% internal rate of return, according to the PEA. The study assumed metal prices of $3.25 per lb. copper, $1,650 per oz. gold and $10 per lb. molybdenum.

The project lies on a 340-sq.-km property stretching 50 km northwest from the now closed Island copper mine. BHP produced copper and molybdenum concentrates there, as well as gold, silver and rhenium as by–products, from 1971 to 1995.