Gold prices witnessed unjustified rises in the local markets during trading today, Monday, despite the decline in prices on the global stock exchange, amid the expectations that the US Federal Reserve will raise interest rates during the March meeting.
Saeed Imbaby, executive director of the “iSagha” platform for gold and jewellery online trading, said that the gold market is witnessing unjustified rises in prices, despite the decline in the trading price of an ounce on the global stock exchange by about $ 5, to record $ 1850. the price of a gram of 21-karat gold increased by about 30 pounds, to record about 1860 pounds.
He added that a gram of 24 karat gold recorded 2126 pounds, a gram of 18 karat gold recorded about 1594 pounds, a gram of 14 karat gold recorded about 1240 pounds, while a pound of gold recorded about 14880 pounds.
Follow the latest news on Google News
