Gold prices stabilized today, Sunday, January 10, 2021, coinciding with the weekly holiday for the goldsmiths market, and the movement of gold sales in the Egyptian market has stopped.
The price of a gram of 21 carat gold, which is the best-selling in Egypt, is recorded at 810 pounds per gram, after falling over two days at 23 pounds per gram, amid an acceleration of the decline of the precious metal due to the direction of investors and major companies to sell gold globally, in order to benefit from the bond yield in America, which led to a significant decline In the price of gold, as an ounce of gold fell from 1913 to 1848 dollars, until the wording of these lines.
Gold prices in Egypt are recorded at 925.25 pounds per gram of 24 carat, while 18 carat gold is recorded at 764.25 pounds per gram, and the price of an ounce of gold is $ 1848, to close at a decline of 3%.
Gold’s descent accelerated below the barrier of $ 1900, as it lost about 3%, which drove other precious metals to decline, as a jump in US Treasury bond yields undermined the attractiveness of gold as a safe haven. Gold fell in spot transactions to $ 1849.55 an ounce, and in the latest trading, it was down 2.8 Percent to $ 1,858.89 an ounce. It lost 1.8 percent in the first trading week of the year, and US gold futures fell 2.8 percent to $ 1859.2.
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