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424 pounds, an increase in gold prices on local markets since the beginning of the year

assisted gold prices In local markets, an increase of 424 pounds, or 53%, since the beginning of this year, where one gram of 21-karat gold recorded a level of 798 pounds on January 1, 2022.

Prices reached their highest level last May, of around 1,300 pounds, affected by the liberalization of the exchange and the increase in interest rates of around 5% in 3 meetings during the year.

While gold prices have fallen in global markets by $ 157, 8.5% so far, as the ounce opened the year’s trading at the $ 1828 level.

The one ounce price hit the $ 2068 level last March, impacted by the rise in bond yields and the rise in the dollar, following the US Federal Reserve’s interest rate hike by about 4% in 6 meetings. of this year.

Gold prices fell in local markets during trading today, Tuesday, with a slight one-ounce drop on the world stock exchange due to the dollar’s rise, and growing expectations that the U.S. Federal Reserve will raise interest rates. at the next meeting.

Gold prices today, Tuesday

The price of one gram of 24-karat gold is around 1400 pounds per gram, and is considered the most popular type in the Gulf countries.

The price of one gram of 22-karat gold is around 1290 pounds.

The price of one gram of 21-karat gold is around 1245 pounds per gram, and is considered the most popular type in the Cairo and Alexandria governorates.

The price of one gram of 18-karat gold is around 1050 pounds per gram and is considered the most popular type in Upper Egypt

The price of one gram of 14-karat gold today is around 819 pounds per gram.

The price of one gram of 12-karat gold today is around 691 pounds.

The price of the caliber 9 registered around 534 pounds.

The price of the pound of gold today, 21 carats, is around 9800 pounds

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