to attest Gold price in Egypt A noticeable decrease due to the decline in the global price of gold by 2.3% in less than 24 hours, and a gram of 21 carat gold, which is the best-selling gold in Egypt, has now reached 3,150 pounds.
Gold prices now:
24 karat records 3600 pounds.
21 caliber costs 3150 pounds.
18 karat costs 2700 pounds.
14 karat costs 2100 pounds.
The gold pound is 25,200 pounds.
Global price decline
Ounce prices fell Global gold For the third day in a row, it recorded the lowest level in a week, after the levels of the US dollar rose following the minutes of the Federal Reserve meeting, which showed the bank members discussing the possibility of returning to raising interest rates.
The price of spot gold recorded a decline during today’s trading, Thursday, by 0.8%, to record its lowest level in a week at $2,354 per ounce, after opening today’s session at the level of $2,379 per ounce. At the time of writing the technical report for Gold Billion, it was trading at the level of $2,362 per ounce, after it had declined yesterday. By 1.7%.
Gold prices fell for the third day in a row since recording a historic level at the beginning of this week at $2,450 per ounce. So far, gold has fallen this week by 2.3%, reducing the gains that gold achieved during the month of May, which has now reached a rise of 3.2%.
The main reason behind the significant decline in gold prices since yesterday’s trading was the minutes of the Federal Reserve meeting, which showed a discussion among the bank’s members regarding the possibility of raising interest rates or further tightening the current monetary policy if inflation rises to levels that require this.
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