Gold bullion price

Islam Saeed Books

Friday, May 12, 2023 02:06 PM

Gold prices today:

24 karat records 2840 pounds

21 karat records 2485 pounds

18 karat records 2130 pounds

The gold pound is 19,880 pounds

Gold ounce 2006 dollars

Sameh Abdel Hakim, a member of the Gold Division, expected that gold prices would continue to decline in the coming days, against the background of the Council of Ministers’ approval during its meeting last week, on a draft decision regarding exempting gold imports in semi-worked forms, as well as those intended for cash circulation, jewelry, and their parts of precious metals.

And Abdul Hakim indicated, in exclusive statements, that the validity of the decision for a period of six months will lead, accordingly, to an increase in the supply in the market, and thus prices will decrease, because allowing the entry of gold with returnees from abroad will push prices in a downward direction.

The draft cabinet decision stipulates that this exemption does not apply to natural or cultivated pearls, precious or semi-precious stones, mounted or inlaid on jewelry and their parts.

This approval comes within the framework of the efforts exerted to achieve stability in gold prices within the markets, and to reduce customs smuggling attempts of semi-finished and occupied gold items through various customs outlets.

Gold bullion prices today:

The price of a gold bar, weighing one gram, is 2891 pounds.

The price of a gold bar, weighing 2.5 grams, is 7227 pounds.

The price of a gold bar, weighing 5 grams, is 14455 pounds.

The price of a gold bar, weighing 10 grams, is 28,910 pounds.

The price of the gold bar, weighing 20 grams, is 57,820 pounds.

The price of an ounce of gold, weighing 31.1 grams, is 89,810 pounds.

The price of a gold bar weighing 50 grams is 144,550 pounds.

The price of a gold bar weighing 100 grams is 289,100 pounds.

Sameh Abdel Hakim, a member of the Gold Division, expected declines in gold prices in the coming days due to the approval of the Council of Ministers during its meeting today on a project regarding exempting gold imports in semi-manufactured forms, as well as those intended for cash circulation, jewelry and their parts of precious metals.

He pointed out in exclusive statements that the validity of the decision for a period of six months will lead, accordingly, to an increase in supply in the market, and from here prices will decrease, because allowing the entry of gold within the limits of 150 grams for returnees from abroad will push prices in the direction of decline.

The draft cabinet decision stipulates that this exemption does not apply to natural or cultivated pearls, precious or semi-precious stones, mounted or inlaid on jewelry and their parts.

This approval comes within the framework of the efforts exerted to achieve stability in gold prices within the markets, and to reduce customs smuggling attempts of semi-finished and occupied gold items through various customs outlets.

More calm and stability dominated the performance of gold locally with the start of today’s session, Thursday, after the decision to exempt gold imports from customs and other fees for a period of 6 months, which pushed gold prices to occasional movements pending more developments on the scene, according to Gold Billion and the record of coughing grams. The most common 21 carat gold today, Thursday, is 2540 pounds per gram, continuing to move in the same range that has dominated trading since the beginning of the week, and the price of the gold pound recorded today 20320 pounds.

Books – Islam Saeed

Thursday, May 11, 2023 09:00 AM

Gold bullion prices today

The price of a gold bar, weighing one gram, is 2914 pounds

The price of the gold bar, weighing 2.5 grams, is 7258 pounds

The price of a gold bar, weighing 5 grams, is 14,570 pounds

The price of a gold bar, weighing 10 grams, is 29,140 pounds

The price of the gold bar, weighing 20 grams, is 58,280 pounds

The price of an ounce of gold, weighing 31.1 grams, is 90,625 pounds

The price of a gold bar weighing 50 grams is 145,700 pounds

The price of a gold bar weighing 100 grams is 291,400 pounds

Today, the fluctuation dominated gold’s movements, declining by 0.2%, and trading at the time of writing the report at the level of $2029.14 an ounce. This comes after gold recorded an increase for two consecutive days, for prices to settle above the level of $2000 an ounce.

The slight decline in gold prices today does not reflect the continued recovery of demand for gold as a safe haven in the markets in light of the continuation of the US debt ceiling crisis and fears of a deepening US economic recession.

Written by Reham Al-Basha

Wednesday, May 10, 2023 01:30 PM

Gold bullion prices today

The price of a gold bar, weighing one gram, is 2914 pounds

The price of the gold bar, weighing 2.5 grams, is 7258 pounds

The price of a gold bar, weighing 5 grams, is 14,570 pounds

The price of a gold bar, weighing 10 grams, is 29,140 pounds

The price of the gold bar, weighing 20 grams, is 58,280 pounds

The price of an ounce of gold, weighing 31.1 grams, is 90,625 pounds

The price of a gold bar weighing 50 grams is 145,700 pounds

The price of a gold bar weighing 100 grams is 291,400 pounds

Gold prices in the global stock exchange

Gold prices moved weakly during today’s session, Wednesday, to witness a slight decline amid uncertainty about the US debt ceiling and slowing economic growth, while markets continue to focus today on US inflation data that will be issued today, according to gold Bullion. It is trading at the time of writing the report at the level of $2029.14 an ounce. This comes after gold recorded an increase for two consecutive days, with prices settling above the level of $2000 an ounce.

The slight decline in gold prices today does not reflect the continued recovery of demand for gold as a safe haven in the markets in light of the continuation of the US debt ceiling crisis and fears of a deepening US economic recession.

Yesterday, a meeting between US President Joe Biden and Republican policymakers ended on Tuesday without any concrete progress toward raising the federal debt ceiling, although the president reiterated that the US will not default.

This comes after US Treasury Secretary Janet Yellen warned that the delay or failure to take a decision to raise the US debt ceiling will cause the economy to contract sharply, with her indication that starting in June the government will be unable to pay its bills and obligations unless Congress approves raising the debt ceiling. .

Gold was able to be a strong support area at the level of $2000 an ounce, after it was able to record a historic level during the past week at $2080 an ounce, supported by the Federal Reserve’s indication in its last meeting of the possibility of a temporary halt to raising interest rates, which supported the rise in gold prices.