Thursday 21/September/2023 – 05:55 PM
Gold prices declined in local markets during Thursday’s trading, due to the decline of the ounce on the global stock market following the release of unemployment claims data, which was lower than expected, prompting the US Federal Reserve to continue its tight monetary policy.
Gold prices today
Saeed Embabi, CEO of the iSagha platform for trading gold and jewelry online, said that gold prices fell by about 15 pounds in the local markets during the middle of today’s trading, compared to the end of yesterday’s trading, indicating that the markets are witnessing a state of instability, and fluctuation between rise and fall in… A range extending between the level of 2150 and 2240 pounds, with the price of a gram of 21 karat gold recording about 2215 pounds, while an ounce fell by about $20 to record the level of $1920.
He added that the price of a gram of 24 karat gold recorded 2,532 pounds, the price of a gram of 18 karat gold recorded 1,899 pounds, the price of a gram of 14 karat gold recorded 1,477 pounds, and the price of a gold pound recorded 17,720 pounds.
Gold prices fell by about 15 pounds in the local markets, during yesterday’s trading, Wednesday, as a gram of 21 karat gold opened trading at the level of 2,215 pounds, rose to the level of 2,245 pounds, and concluded trading at the level of 2,230 pounds, and an ounce on the global stock market fell by about 8 dollars, as trading opened. At the level of $1932, it rose to the level of $1945, and concluded trading at the level of $1940.
While local markets are awaiting the decision of the Central Bank’s Monetary Policy Committee today, to determine the fate of interest rates, expectations indicate the possibility of keeping them unchanged.
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