Today, Thursday, gold prices witnessed an increase of about 25 pounds, to reach 1410 pounds per gram for 21 carat, which is the most popular in the goldsmiths market, after a huge rise yesterday, bringing prices to historical levels. Below are the details of the movement of gold prices.
Gold prices today:
18 karat recorded 1208 pounds.
21 karat recorded 1410 pounds.
24 karat recorded 1613 pounds.
The gold pound is 11,280 pounds.
The total rise in gold prices today in Egypt reached 45 pounds so far, compared to yesterday’s rise of nearly 35 pounds, as gold continues to record historical levels in the market.
Gold futures closed higher yesterday globally, as investors followed US economic data that showed deteriorating business conditions, indicating a slowdown in economic growth.
The minutes of the recent Federal Reserve meeting revealed that most bank officials supported the issue of slowing down the rate hike soon, and at the end of trading, gold futures for December delivery rose by about $5.70, or 0.3%, to $1,745.60 an ounce.
The yellow metal received support from the weakness of the US dollar, which fell by 0.9%, which helps increase the attractiveness of gold to holders of other currencies.