We publish the latest update in gold prices today, Thursday in Egypt, after it recorded a drop of 5 pounds, after a decline at the end of trading yesterday, with a drop of 3 pounds, bringing the total decline of gold to about 8 pounds, to record 21 karat gold, which is the best seller in Egypt, 972 pounds per gram.
Gold price in Egypt today:
The price of a gram of 21 karat gold records 972 pounds.
The price of a gram of 18 karat gold records 833 pounds per gram.
The price of a gram of 24 karat gold records 1111 pounds.
The price of the gold pound is 7776 pounds.
Saad Salimah, an expert in the metals markets, said that the gold market is awaiting this week a number of events, reports and indicators that could affect the path of the market and the global gold exchange. .
He pointed out, in exclusive statements, that these indicators may lead to adjustments in the directions of investors and those looking for safe investment, as traders are closely watching these data to know the trends of gold prices during this week.
He explained that the gold market in Egypt is not far from the developments in the price of gold globally, and gold may move in a price path and channel between 985 to 1005 pounds per gram of 21 karat this week, up and down, according to the course of things on the global stock exchange.
Gold prices fell 1%, after US Treasury yields and the dollar rose, with expectations for gold already dented by fears that the Federal Reserve will resort to a larger interest rate hike this month to tackle rising inflation.
The dollar hit a new record high in 20 years, hurting demand for gold priced in the US currency among buyers who own other currencies, and rising US 10-year Treasury yields, denting the allure of non-fixed-yielding gold.