Islam Saeed wrote
Monday, March 25, 2024 01:30 PM
Prices stabilized gold In Egypt today, Monday, March 25, 2024, the beginning of the week’s trading, where gold recorded 3463 pounds per gram of 24 karat, which is the caliber of gold bullion in Egypt. In the context of the following lines, we monitor the developments in gold prices today in Egypt.
Gold prices today:
24 karat records 3463 pounds.
21 carat costs 3030 pounds.
18 karat carat costs 2597 pounds.
14 karat registers 2020 pounds.
The gold pound is 24,240 pounds.
World Gold Council
Recent World Gold Council data showed gold-backed ETFs recording their first net cash inflows during the week ending March 15, after 10 consecutive weeks of recording net outflows.
Net inflows reached 1 ton of gold after funds in the United States recorded inflows of 17.2 tons of gold, while funds in the European region witnessed cash outflows of 15.6 tons of gold.
This reflects the increased demand for investment in gold again amid increasing expectations that the decision to reduce interest rates by the US Federal Reserve is approaching. There is also a huge demand for gold futures markets, which provides continued support for the prices of the precious metal.
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