2023-10-15 10:30:00
Written by Islam Saeed Sunday, October 15, 2023 01:30 PM Shahad The price of a gram of gold in Egypt Today, Sunday, there was an increase in morning trading, and a gram of 21 carat gold, which is the best-selling gold in Egypt, recorded 2,360 pounds per gram, in conjunction with ongoing developments in Gold movement Despite the gold market’s weekly holiday.
Gold prices today:
21 caliber records 2360 pounds.
18 karat records 2023 pounds.
24 karat records 2679 pounds.
The gold pound is 18,880 pounds.
Gold investment funds
Council revealed Global gold 59 tons of gold worth $3 billion came out of global gold funds last month, and he pointed out that the cash flows that came out of global gold-backed investment funds since the beginning of the year until now amounted to 11 billion US dollars. The funds’ total holdings have fallen by 189 tonnes so far this year.
Gold exchange-traded funds backed by physical gold saw outflows on a monthly basis, losing US$3 billion, equivalent to a 59-ton drop in holdings, by the end of September. Total assets under management of the funds stabilized at US$198 billion, also affected by a decline in holdings by the end of September. gold price By approximately 4%.
September data pushed third-quarter losses in gold ETFs to $8 billion, amounting to 139 tons of gold. Funds in North America represented the largest losses at $6 billion, followed by funds in Europe, while funds in Asia saw inflows of 11%.
Global gold-backed mutual funds saw outflows of 224 tons in the past four months and gold holdings in ETFs reached their lowest level in 3.5 years.
While during the same period, gold lost only 4.5% of its value, which is a very satisfactory performance, especially since this coincided with strong… U.S. dollar Bond yields rose to their highest levels in 16 years.
Actual demand for gold had a significant positive impact supporting gold not only before Central banks But also by consumers seeking to hedge against a wave Inflation That hit the global economy.
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