The average price of gold today in Sudan declined once more, during the evening trading of Saturday, June 25, 2022, with the start of the weekend globally.
Gold price today in Sudan
The price of a gram of 24-carat gold today in Sudan fell during evening trading, to 26,882 thousand pounds (58.76 dollars), compared to 26,902 thousand pounds at the close of yesterday.
And the price of a gram of 21 karat gold today in Sudan (the most traded in the market), fell to regarding 23.523 thousand pounds ($ 51.42), compared to 23,539 thousand pounds at the close of yesterday, according to the “gold-price-today” platform specialized in gold prices.
The price of a gram of 18 karat gold today in Sudan fell today, to regarding 20,162 thousand pounds ($ 44.07), compared to 20,176 thousand pounds at the close of yesterday.
As for economic gold prices today in Sudan, the price of a gram of 14 karat gold recorded regarding 15,681 thousand pounds (34.28 dollars), compared to 15,681 thousand pounds at the closing of Friday.
Gold price per ounce and pound today in Sudan
And the price of an ounce recorded today in Sudan during evening trading, dropping to regarding 836,042 thousand pounds (1827 dollars).
While the price of the gold pound today in Sudan (8 grams of 21 karat), reached regarding 188,181 thousand pounds (411.32 dollars).
Gold prices today globally
Gold prices increased on Friday (the closing of the week’s trading) with the decline of the dollar and the escalation of economic concerns, but the ongoing struggle for the yellow metal with expectations that the Federal Reserve will raise interest rates strongly kept it on the path of recording the second weekly decline.
Spot gold rose 0.2% to $1,825.50 an ounce, and US gold futures fell 0.1% to $1,827.10.
Gold’s gains were likely driven by a weaker dollar, said Rona O’Connell, an analyst at Stonex.
But she noted that some FOMC members are now more lenient on monetary policy as the specter of recession is gaining traction.
The dollar index fell 0.2%, making gold less expensive for buyers abroad.
Federal Reserve Chairman Jerome Powell said on the second day of his testimony before Congress on Thursday that the bank’s commitment to curb inflation, which has risen to a 40-year high, is “unconditional”, even as he acknowledged that sharply high interest rates might lead to an increase in interest rates. unemployment rates.
Raising interest rates increases the opportunity cost of holding non-yielding gold. The Fed’s tightening of monetary policy, along with the general strength of the dollar, led gold prices to record a weekly decline of 0.7%.
