Due to pressure from the global decrease in the price of the yellow metal on the international stock exchange, gold prices began trading today, Friday, by declining.
21 carat gold costs 1072 pounds. 24 carat gold costs 1225 pounds. 18 carat gold costs 918.85 pounds. Gold that is 14 karats thick costs 716.
7 kilos Without workmanship, a stamp, or taxes, the cost of a gold pound is 8576 pounds.
A stronger dollar, higher US Treasury yields, and investors’ hesitation to place large wagers ahead of US jobs data all contributed to a decline in gold prices on Thursday.
By 1758 GMT, spot gold has decreased 0.2% to $1,712.19 per ounce.
US gold futures reached $1,720 in settlement.
Given the 1% increase in the dollar index relative to its rivals, gold became more expensive for owners of other currencies. US Treasury yields on ten years also increased.
Investors are eagerly expecting the non-farm payrolls statistics for the month of September that will be announced by the US Department of Labor on Friday.
In terms of other precious metals, silver decreased 0.6% to $20.57 for an ounce.
Palladium increased 1.1% to $2272. 71 and platinum increased 0.5% to $923. 12 per ounce.
Today, on Friday, July 10, 2022, gold prices have dropped yet more.
About Author
