After gold prices fell globally as the federal government boosted interest rates, gold prices in Egypt also continued to fall, with minor declines being reported at the start of today’s trading.
A gramme of 24 karat gold was priced at 1371 pounds per gramme when trading began.
A gramme of 21-carat gold cost around 1200 pounds.
Gold calibre 18 costs 1028 pounds for every gramme.
The price per gramme of gold was 9600 pounds.
Following the federal government’s confirmation that interest rates will continue to rise in order to keep inflation under control and that it is not too difficult to speculatively stop raising interest rates, the price of yellow metal futures dropped from Thursday’s trading by roughly $ 13 or the equivalent of 0. 8%, reaching levels of $ 1637 an ounce.
The immediate contracts for gold, on the other hand, had a sharp slide in US dollars during these trading hours today, Thursday, from values in the range of $ 3, down to $ 1632.88 per ounce.
Gold prices in the Egyptian and global markets are the beginning of today’s transactions .. It keeps losing money.
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