The value of the largest gold bar in the world rose, especially after the military operation launched by Russia against Ukraine, especially the record rise in the value of the yellow metal.
The value of the world’s largest gold ingot, weighing approximately 250 kilograms, has now reached more than 2.2 billion yen ($17.1 million), more than five times its value when the Japanese Kyodo News Agency reported – on its website today, Thursday. It was first introduced in 2005 in the Japanese city of “Shizuoka” by the Japanese “Toy Gold” mine.
Today, Thursday, gold prices rose again by about 32 pounds per gram, after prices fell by about 65 pounds, and 21 karat gold, which is the best-selling in Egypt, recorded 1080 pounds per gram.
Gold prices today:
Carat 18 recorded 926 pounds.
21 caliber record 1080 pounds.
24 carat record 1234 pounds.
The gold pound is 8640 pounds.
Alaa Rashid, an expert in precious metals markets, Hani, said that gold prices in Egypt are going against the direction of the global stock index, due to the link between gold prices here and the price of the dollar in the banking market, noting that the factors for the rise of gold in Egypt are now linked to the dollar and as long as we witness an increase in the dollar. In Egypt, gold will continue to rise even if the world price of gold is stable.
He added, in exclusive statements, that gold prices in the Egyptian market recorded increases of about 65 pounds per gram within 48 hours, and confirms that the global price of gold was affected by the rise in US bond yields, which pushed the prices of an ounce of gold to decline from 1991 dollars to 1947 dollars in spot trading.
The expert explained that the market is unstable and the consumer cannot make a decision to buy now, as this madness in gold prices creates a state of turmoil in gold purchases, and we may find significant declines in the volume of gold sales.