Gold prices decreased today, at the close of trading, on Saturday, at a rate of 25 pounds per gram, in light of the instability of the market related to the yellow metal.
The price of a gram of 21 karat gold, which is the most traded, recorded 1675 pounds per gram, compared to 1700 pounds in yesterday’s transactions, Friday, December 23, 2022.
Today’s gold prices are as follows:
18 karat recorded 1436 pounds.
21 karat, a record of 1675 pounds.
24 caliber, 1914 pounds.
The gold pound is 13,400 pounds.
This comes as consumers await the movement of buying and selling in gold, following the rises dominated as a result of speculation in the gold markets during the last period, followed by an increase in the selling movement to record profits, which affected the gold market in Egypt, and led to the decline of the yellow metal at large rates that exceeded 200. pounds in the price of one gram.
This comes as the gold market awaits several developments this week, most notably the announcement of the US interest rate next Wednesday, which will have clear effects on the movement of gold and the volume of demand for the precious metal in the global stock exchange.
The gold markets are also awaiting the decision of the Central Bank of Egypt, today, Thursday, according to which it will decide either to maintain or raise interest rates, as analysts expect that the central bank may raise interest at its meeting this evening, to confront the high inflation rate, which reached its highest level since 2017.
