Gold prices fell by £25 a gram by close of business today on Saturday amid market instability related to the yellow metal.
The price of one gram of 21-karat gold, which is the most traded, recorded £1,675 per gram, against £1,700 in yesterday’s transactions, Friday 23 December 2022.
Today’s gold prices are as follows:
18 carats registered 1436 pounds.
21 carat registered 1675 pounds.
24 caliber, 1914 lbs.
The gold pound is £13,400.
This is happening as consumers await the gold buying and selling movement, after speculation-dominated gold markets surges in the last period, followed by an increase in the selling movement at record profits, which has affected the gold market. gold in Egypt, and led to the decline of the yellow metal at great rates which exceeded 200. pounds in the price of an ounce.
This comes as the gold market awaits several developments this week, most notably the US interest rate announcement next Wednesday, which will have clear effects on the movement of gold and the volume of demand for the precious metal in the global equity market.
Gold markets are also awaiting the decision by the Central Bank of Egypt today, Thursday, according to which it will decide whether to maintain or raise interest rates, as analysts expect the central bank to raise interest at its meeting. this evening, to address the high rate of inflation, which has reached its highest level since 2017.
