Gold prices are down 6 pounds, and 21 karat drops to 785 pounds per gram

registered gold prices In Egypt today, Thursday, February 25, 2021, a noticeable decline by 6 pounds, due to the decline in the global price of an ounce of gold from 1805 to 1790 dollars, a drop of 15 dollars, which is reflected in the price of gold in Egypt.

Slipped gold Caliber 21, which is the main caliber of the goldsmiths market in Egypt, from 791 to 785 pounds per gram, with a value of 6 pounds falling until this moment, and this price is subject to change in the coming hours, with the change in international prices for the yellow metal.

Gold prices today:

Caliber 18 recorded 672 pounds.

Caliber 24 recorded 897 pounds.

Caliber 21 recorded 785 pounds.

The gold pound is 6280 pounds.

An ounce of gold is $ 1790.

Globally, gold recorded today, Thursday, as US Treasury yields rose near the peak of a year, which weakens the attractiveness of the yellow metal, but the dollar’s decline and the Federal Reserve’s commitment to a accommodative policy caused the decline in the price of an ounce of gold to slow down.

“Rising longer-term returns is a major stress factor on precious metals,” said Margaret Yang, strategy at the Daily Fix, adding that hopes for improved economic activity and prices could push yields higher.

Record US Treasury yields stabilized near the peak of a year they reached in the previous session, which increases the opportunity cost of owning the precious metal that does not generate a return.

Focus remains on a $ 1.9 trillion bailout package to mitigate the repercussions of Corona in the United States, which is expected to pass later this week.


Read Also:  The Gold Division reveals the causes of the global decline of the yellow metal and price expectations
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