Written by Islam Saeed Tuesday, October 10, 2023 09:29 AM We publish The price of a gram of gold in Egypt today Tuesday morning trading, which recorded 2,250 pounds per gram, coinciding with new developments in the goldsmiths market, high demand for the precious metal, and an increase in prices of approximately 50 pounds within two days.
Gold prices in Egypt today:
24 karat records 2571 pounds.
21 caliber costs 2250 pounds.
18 karat is 1929 pounds.
The gold pound is 18,000 pounds.
Gold contracts globally
The detailed Commitments of Traders report issued by the Commodity Futures Trading Commission, which shows the speculative situation on gold, showed an increase in contracts to sell gold by 17,435 contracts compared to the previous report, while contracts to buy gold decreased by 7,154 contracts compared to the previous report.
Late data issued by the Commodity Futures Trading Commission (COT) report shows continued demand for gold selling contracts compared to buying contracts, which witnessed a significant decline, which is reflected in the current decline in gold prices in the markets.
Also, the SPDR gold-backed investment fund, which is the largest global fund with total holdings amounting to $51 billion, announced that its holdings reached the lowest level since August 2019.
When looking at demand by central banks, according to the latest data issued by the World Gold Council, global central banks bought 77 tons of gold in August, an increase of 38% compared to their purchases in July, and over the past three months, central banks bought 219 tons of gold, This comes after record purchases during the first half of the year, according to Gold Billion.
2023-10-10 06:29:00
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