Islam Saeed Books
Monday, April 10, 2023 01:30 PM
Open market gold in Egypt Trading today, Monday, the beginning of the week’s trading, witnessed remarkable stability for all bullets in the goldsmiths’ market, as 21 karat gold, which is the best-selling in Egypt, recorded 2165 pounds, while the global price of gold witnessed a decrease near the level of 2000 dollars.
Bullion prices today
Gold bullion prices The weight of 2.5 grams recorded 6185 pounds per gram, and the price of a gold ingot weighing 5 grams reached 12370 pounds, and the price of a gold ingot weighing 10 grams reached 24740 pounds, and the price of a gold ingot weighing 20 grams reached 49480 pounds, and the price of an ounce of gold weighing 31.1 grams reached 76941 pounds, and these prices do not Including workmanship and tax.
Gold prices today:
21 karat records 2165 pounds.
18 karat records 1856 pounds.
24 karat records 2474 pounds.
The gold pound is 17,320 pounds.
An ounce of gold is 2000 dollars.
Global gold prices
Gold prices declined to trade below the level of $2000 an ounce with the beginning of the week’s trading, following the better-than-expected US employment data that was issued last week, which increased the possibilities of raising interest rates by the US Federal Reserve, according to the Gold Billion report, and the spot gold markets are witnessing a decline during today’s trading. by 0.3%, to trade at the time of the report writer at the level of $2000.61 an ounce, following it recorded the lowest level in three sessions at $1988.76 an ounce.
This comes following gold prices rose during the past week by 2%, and witnessed recording the highest level since March 2022 at $2032.07 an ounce, and trading settled for most of the week above the level of $2000 an ounce.
The government jobs report on the non-farm sector in the United States for the month of March showed an increase in the number of new jobs by 236 thousand jobs, compared to the previous revised reading of 326 thousand, and the unemployment rate fell to 3.5% from 3.6%.
The data contributed to an increase in expectations that the Federal Reserve will resort to raising interest rates once more during its next meeting in May, and the Fed Monitor tool showed a probability of 63.4% that the bank is heading to raise interest rates by 25 basis points and a probability of 36.6% to stabilize interest rates, according to the data. gold bullion.
These possibilities led to the consolidation of the US dollar once morest other currencies to put negative pressure on gold and push it to trade below the level of $2000 an ounce at the beginning of the week, and the dollar index, which measures the performance of the federal currency once morest a basket of 6 major currencies, fluctuated during Monday’s trading near the closing levels. Last Friday, while it recorded a decline of 0.8% during the past week, which is the sixth weekly decline in a row.
