a statement Naguib ClubHead of the Gold Division at the Cairo Chamber of Commerce, regarding the state of gold in the global markets following the interest rate hike, and its condition in the local markets following the Central Bank’s meeting and its decision to fix the interest rate, as well as the prices of various gold bullets in the Egyptian markets.
The head of the Gold Division at the Cairo Chamber of Commerce noted in a special statement to «the week» To the decline in gold prices globally, as an ounce of gold recorded 1646 dollars, following the price of an ounce ranged between 1670 and 1780 dollars, and as for the local markets, gold prices decreased following fixing the interest rate, as the price of 21 karat gold, the most prevalent in Egypt, recorded regarding 1140 pounds per gram.
Naguib presented the prices of the various bullets of gold in the middle of trading today, Saturday, September 24, 2022, stressing the commitment of the markets to the imposed prices and not to be manipulated by traders, stressing that the prices of the different bullets came as follows:
24 karat gold price
The price of 24 carat gold in the Egyptian market reached 1,300 Egyptian pounds.
18 karat gold price
While the price of 18 carat gold in the Egyptian market reached 958 Egyptian pounds.
gold pound price
Today, the gold pound recorded 8900 Egyptian pounds.
Prices of some precious metals
In a related context, the prices of other precious metals fell, as silver fell to 18.84 dollars an ounce, and palladium fell to 2065.29 dollars. Platinum also fell to $857.46.
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