Written by Ashraf El Hadi
Gold prices in the local markets witnessed a state of stability during trading today, Saturday, coinciding with the weekly holiday for the global stock exchange.
And gold prices in global markets declined yesterday, Friday, a slight decline, as a result of the rise in the dollar, in light of a state of uncertainty and uncertainty about the possibility of the US Federal Reserve raising interest rates more than once during the coming period, and the markets are awaiting the release of the consumer price index “inflation”. Next Tuesday, to obtain indications about the direction of monetary policy during the coming period.
Saeed Imbaby, executive director of the “iSagha” platform for trading gold and jewelry via the Internet, said that gold prices witnessed stability in the local markets during today’s trading, and compared to the end of yesterday’s dealings, as a gram of 21 carat gold recorded the level of 1720 pounds, while an ounce recorded the level of 1860 dollars.
He added that a gram of 24 karat gold recorded 1966 pounds, a gram of 18 karat gold recorded about 1474 pounds, a gram of 14 karat gold recorded about 1147 pounds, while a pound of gold recorded about 13760 pounds.
And the gold prices in the local markets had declined by about 10 pounds during yesterday’s trading, as a gram of 21 carat gold opened transactions at the level of 1730 pounds, and fell to the level of 1720 pounds, while the ounce declined slightly, as transactions opened in global markets at the level of 1863 dollars, and transactions concluded at the level of 1863 dollars. $1860 level.