2023-06-22 20:17:00
11:17 PM Thursday, June 22, 2023
I wrote – Sherine Salah:
The price of gold rose today, Thursday, during trading, and the gram increased by 10 pounds, compared to its level by evening trading, following the Central Bank’s decision to install interest rates, according to Naguib, former Secretary General of the Gold Division of the Cairo Chamber of Commerce, to Masrawy.
The Central Bank fixed interest rates for the third time since the beginning of this year, in line with the expectations of bankers who spoke to Masrawy earlier, despite the high inflation rates following excluding the devaluation of the pound, which is the factor most affecting the price increase, and following the federal fixation of interest on the dollar.
The Central Bank decided to fix the interest rate at its last meeting last May, following raising it by 10% over the course of 15 months, the last of which was 2% last March.
The return rate at the Central Bank was 18.25% for deposits and 19.25% for lending.
Gold prices today
14 karat gold prices rose to 1473 pounds per gram.
And 18 karat gold increased to 1894 pounds per gram.
The price of 21 carat gold reached 2210 pounds per gram.
The price of 24 karat gold rose to 2526 pounds per gram.
The price of the gold pound
The price of the gold pound rose to 17,680 pounds, and the price may vary from one trader to another, and this price is equal to the value of gold in the pound.
The global price of gold
The global price of gold recorded regarding $1934 per ounce, (an ounce, which is equivalent to regarding 31.1 grams of 24 karat) today, Thursday, down $2.2, or 0.11%, compared to the end of yesterday’s trading session, according to Bloomberg agency data.
You can follow the gold prices today and around the clock through this service from Masrawy: Gold Prices
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