Gold prices fell today in Sudan during trading on Saturday, September 10, 2022, despite the global “precious” recording the first weekly increase in a month.
Global gold markets witness a weekly holiday on Saturday and Sunday.
Gold price today in Sudan
The price of a gram of 24-carat gold today in Sudan, during evening trading, fell to 31,821 thousand pounds ($ 55.24), according to the gold-price-today platform for monitoring gold prices.
The price of a gram of 21 karat gold today in Sudan (the most traded in the market) fell to the level of 27,844 thousand pounds ($48.34).
The price of a gram of 18 karat gold today in Sudan has also fallen to 23,866 thousand pounds ($41.43).
As for economic gold prices today in Sudan, the price of a gram of 14 karat gold recorded regarding 18,562 thousand pounds ($ 32.08).
The price of an ounce and a pound of gold in Sudan
And the price of an ounce of gold today in Sudan, during evening trading, decreased to regarding 989.626 thousand pounds (1718 dollars).
While the price of the gold pound today in Sudan (8 grams of 21 karat) reached regarding 222,751 thousand pounds (386.72 dollars).
Gold prices today globally
Globally, gold prices trimmed their gains when settling Friday’s trading session (the end of the week), with the weakness of the dollar and anticipation of the prospects for monetary policy in the United States.
The precious metal failed to maintain its gains that exceeded 1% during trading on Friday, following statements by a number of Federal Reserve officials regarding tightening monetary policy.
US Federal Reserve Board member Christopher Waller said he expects a significant rate hike during the September meeting, and St. Louis Fed President James Bullard said he has become more supportive of the third consecutive rate increase of 75 basis points.
Federal Reserve Chairman Jerome Powell stated that the bank is committed to its efforts to stem the acceleration of inflation in the US, noting the continued need for strong and rapid action on monetary policy.
And gold futures contracts for December delivery rose 0.5%, or $8.40, to reach $1728.60 an ounce upon settlement, following reaching $1740 earlier in trading.
In the total trading last week, the precious metal contracts rose by 0.3%, which is the first weekly increase in a month.
