landed gold prices In evening trading today, Monday, December 26, 2022, it reached levels below 1,600 pounds per gram of 21-carat, which is the best-selling in Egypt, recording 1,598 pounds per gram, for the first time since the beginning of this December, amid great economic optimism after announcing facilities for the release of goods and a significant decline in prices. The price of the dollar in the parallel market, in addition to the increase in the supply of gold in the markets due to the cessation of speculation.
and decline gold prices At a value of 12 pounds a moment ago, with a significant increase in the supply of gold in the markets and a decrease in demand after the recent Central Bank decisions to raise interest rates by 3%, as gold prices in transactions witnessed a decline of about 42 pounds per gram more than once.
Gold prices today:
18 karat recorded 1370 pounds.
21 karat, a record of 1598 pounds.
24 karat, a record of 1829 pounds.
The gold pound is 12,784 pounds.
The gold market is now witnessing a large supply of gold amid reluctance to buy due to the increase in interest rates on the pound, which contributed greatly to a decline in the price of gold over the past four days, bringing the total value of the decline in the price of gold to 152 pounds, as the price of a gram of gold karat decreased. 21 From 1750 pounds per gram to 1598 pounds per gram, amid expectations from gold market followers of a further decline in the coming hours, in conjunction with the continued availability of more gold supply.
On Monday, the market witnessed a decline of about 42 pounds per gram, due to supply and demand factors following the Central Bank’s decisions to raise interest, which had positive effects on the markets and a state of calm and reassurance occurred, and speculation in gold stopped.