witnessed gold prices Over the past days, a decrease of about 175 pounds in all bullets circulating in the market, as gold fell from 1750 to 1575 pounds per gram, with the cessation of speculation on gold.
Gold prices fell in evening trading today, Monday, December 26, 2022, to levels below 1575 pounds.gram of 21 karat It is the best-selling, for the first time since the beginning of this December, amid great economic optimism following the announcement of facilities for the release of commodities and a significant decline in the price of the dollar in the parallel market, in addition to an increase in the supply of gold in the markets due to the cessation of speculation.
Gold prices today
18 karat recorded 1350 pounds
21 karat, a record of 1575 pounds
And 24 karat recorded 1800 pounds
The gold pound is 12,600 pounds.
Gold prices fell by 25 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.
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 175 pounds, as the price of a gram of gold karat decreased. 21 From 1750 pounds per gram to 1575 pounds per gram, amid expectations from gold market followers of a further decline in the coming hours, in conjunction with the continued availability of a greater supply of gold.
The market witnessed in trading today, Monday, a drop of about 70 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.