Communication gold prices In today’s morning trading, Monday 26 December 2022, its decline, with a significant increase in the supply of gold in the markets and a drop in demand after the recent central bank decisions to raise interest rates by 3%, as witnessed from gold prices a decrease in morning trading of about 20 pounds per gram.
Gold prices today:
18 carats, a record 1389 lbs.
21 carats, a record 1620 lbs.
24 carats, a record 1851 pounds.
The gold pound is 12960 pounds.
And testify gold market There is now a large supply of gold amid the reluctance to buy due to the increase in interest rates on the pound, which has contributed greatly to the decline in the price of gold over the past four days, bringing the total value of the decline in the gold price at £130, as the price of an ounce of 21-karat gold fell from £1750 per gram to £1620 per gram, amid gold market followers’ expectations of further declines in the coming hours, in conjunction with the continued availability of increased gold availability.
The market recorded a drop of around 20 pounds per gram in today’s Monday trading, due to supply and demand factors following the Central Bank’s decisions to increase interest rates, which had positive effects on the markets and occurred a state of calm and reassurance, and gold speculation came to a halt.
Egypt’s exports of gold, jewelry and precious stones increased by 47 percent during the first 10 months of 2022, reaching $1.326 billion, up from $901 million in the same period of 2021, according to a report by the Building Materials Export Council.
