The price of gold was a leap during trading today, Saturday, which amounted to 20 pounds per gram, compared to the price of gold recorded this morning, due to the decisions of the central bank to liberalize the pound exchange rate and increase interest in 200 basis points last Thursday.
The most recent update showed that the price of 21 carat gold, which gauges the market’s average price changes, was 1225 pounds.
Prior to the government decision to raise the interest rate, the price of gold was approximately 1138 pounds.
1400 pounds for a 24 calibre.
value of 1225 pounds for a 21 calibre.
1050 pound value for an 18 calibre.
value of 816 pounds for 14 calibre.
While the price of the gold pound today in Egypt recorded a value of 9800 pounds.
The price of a gold ounce was $1644, with its peak and lowest values occurring over the course of three days, respectively, at $1672 and $1639 per ounce.
As American economic data predictions suggested that the Federal Reserve may slow the pace of interest rates, gold prices were trading on Friday as they were on their way to a second consecutive week of increases.
The Central Bank announced the raising of the interest by about 200 basis points on deposit and lending, and its followers of a free exchange rate policy to determine the value of the pound against foreign currencies based on the forces of supply and demand, stressing that this aims to achieve sustainable economic growth.
During yesterday’s trade, the value of the pound relative to the dollar dropped by 16%, ending in the central bank from 22.
99 pounds, compared to banks exceeding 23 pounds in the private sector.
The Central Bank reaffirmed that its goal is to preserve price stability rather than to target any particular exchange rates.
Prior to the gold vacation, there was an urgent increase in gold prices in Egypt.
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