Gold prices rose a while ago by 10 pounds, and 21 karat recorded, which is the best seller in Egypt today, 1010 pounds per gram, following prices fell in some trading sessions to less than a thousand pounds per gram.
Gold prices today:
18 karat records 875 pounds.
21 caliber records 1010 pounds.
24 carat records 1154 pounds.
The gold pound is 8080 pounds.
Global gold prices
Gold prices fell globally following the rise in the dollar and US bond yields offset the support for the precious metal from fears of high inflation and seemed to be on its way to recording a monthly decline for the second month in a row, and gold fell in spot transactions 0.4% to $ 1848.6 an ounce (an ounce) at 10:25 GMT, down 2.5% for the month, its biggest decline since September, and US futures fell 0.2% to $1,852.7 an ounce.
The dollar index rose 0.2% and US 10-year bond yields jumped, prompting markets to reduce expectations that the Federal Reserve would take a breather following raising rates once more in June and July.
The Gold Division reveals the launch of a new caliber
The Gold Division later announced that there is a tendency to reintroduce 14-carat gold, with gold prices rising to unprecedented levels, with the aim of providing alternatives to consumers in all governorates of the Republic, which is reflected in the volume of gold sales.
The Gold Division added that the demand for the precious metal is fluctuating in Egypt and is witnessing several changes in light of the drop in prices from levels of 1250 to 100 pounds, which made some decide to resell in order to avoid exposure to losses, as gold losses amounted to approximately 250 pounds within a month.
