Books – Islam Saeed
Saturday, April 15, 2023 01:31 PM
registered Gold prices today, Saturday A decrease of about 15 pounds per gram, to reach 21 carat, which is the most traded in Egypt, 2270 pounds, after the drop in the price of an ounce of gold on the global stock market by about $ 50, to record an ounce of 2004 dollars at the end of the week.
Gold prices today:
21 karat records 2270 pounds.
18 karat records 1946 pounds.
24 karat records 2594 pounds.
The gold pound is 18,160 pounds.
Gold ounce 2004 dollars.
Gold bullion prices today
The price of a gold ingot weighing 2.5 grams recorded 6485 pounds per gram, and the price of a gold ingot weighing 5 grams reached 12970 pounds, and the price of a gold ingot weighing 10 grams reached 25940 pounds, and the price of a gold ingot weighing 20 grams reached 51880 pounds, and the price of an ounce of gold weighing 31.1 grams reached 80673 pounds, and these prices do not include workmanship and tax.
global gold market
Gold ended the week’s trading with a big movement in the global markets, after recording the highest level in 13 months on Thursday, gold gave up all its gains on Friday, after the dollar recovered and the Fed member indicated the need to raise interest again, according to the Gold Billion report, and spot gold prices fell. Yesterday, Friday, by 1.8%, to lose nearly 40 dollars, as gold prices fell by more than 2% during the session, to give up all of their weekly gains, to witness yesterday the largest daily loss of gold in three weeks.
The technical report of Gold Billion revealed that gold prices increased by 0.7% during the week, on the other hand, the dollar index, which measures its performance against a basket of 6 major currencies, rebounded from its lowest level in a year and recorded on Friday an increase of 0.6% after hitting its lowest level at 100.45. On the weekly level, the dollar index recorded a decline of 0.5%, marking a decline for the seventh week in a row.
The main reason behind the recovery of the dollar and the decline in gold prices were the statements of Federal Reserve member Christopher Waller, who is one of the biggest supporters of tightening monetary policy, and who said that he wants more monetary tightening that should last longer than market expectations, and these statements come despite the inflation data that was issued during The week ending showed a decline in consumer prices, as the annual consumer price index showed a decline at the annual level to 5% in March from 6%, and the producer price index fell to 2.7% from 4.9%.
Despite the decline in inflation figures, the core or core inflation index, which excludes the prices of volatile commodities such as fuel and food, witnessed a slight decline, so that the core consumer price index recorded an increase of 5.6% in March from 5.5% in March. Several members of the Bank pointed out to him that the Fed should focus on fighting core inflation.
