2023-05-04 04:00:00
Books – Islam Saeed
Thursday, 04 May 2023 07:00 AM
Gold bullion prices today:
The price of a gold bar, weighing 2.5 grams, is 7512 pounds.
The price of a gold bar, weighing 5 grams, is 15025 pounds.
The price of a gold bar, weighing 10 grams, is 30050 pounds.
The price of the gold bar, weighing 20 grams, is 60100 pounds.
The price of an ounce of gold, weighing 31.1 grams, is 93455 pounds.
The price of the gold bar, weighing 50 grams, is 150,250 pounds.
The price of a gold bar weighing 100 grams is 300,500 pounds.
The dollar’s decline supports gold
The US dollar fell once morest a basket of major currencies during trading for the second consecutive day, as the dollar index fell today by 0.4%, following a volatile performance yesterday, as the index recorded its highest level in 3 weeks at 102.172 before returning and closing down by 0.2%. , according to Gould Bellion.
The dollar’s decline coincided with a decline in the yield on government bonds, which reduced the demand for gold. The yield on government bonds for 10 years fell during today’s session by 1.2%, to record its lowest level in a week at 3.392%.
While the yield on two-year bonds, which are more sensitive to changes in interest rates, decreased today by 1.1%, to record the lowest level at 3.9284%.
Shares of gold companies witnessed a large positive session yesterday, following finding support from the recovery in gold prices, which indirectly pushed gold-related financial commodities to rise accordingly, led by shares of mining and gold companies.
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