Gold Prices Slightly Rise in Today Transactions, 21 Karat Gold Recording 2170 Pounds

Gold prices rose slightly in the local markets during trading today, Thursday, with the rise in ounces on the global stock exchange, due to the decline of the dollar to its lowest levels, and the increase in expectations that the US Federal Reserve will end the monetary tightening policy and stop the cycle of raising interest rates, in order to avoid an economic recession.

Saeed Imbaby, executive director of the “agha” platform for trading gold and jewelry via the Internet, said that gold prices rose by about 5 pounds in the local markets during today’s trading, Thursday.

This rise in gold price is compared to the end of yesterday’s trading, as a gram of 21 karat gold recorded the level of 2170 pounds, while an ounce rose by about 3 US dollars, to record the level of 1981 dollars.

Imbaby added that a gram of 24 karat gold recorded 2480 pounds, a gram of 18 karat gold recorded 1860 pounds, a gram of 14 karat gold recorded 1447 pounds, and a pound of gold recorded 17360 pounds.

However, gold prices had risen, and witnessed a state of limited fluctuation in the local markets during yesterday’s trading, Wednesday, as a gram of 21 karat gold opened trading at the level of 2165 pounds, touched the level of 2160 dollars, and concluded transactions at the level of 2165 pounds, while the ounce rose by about a dollar, as it opened the transactions were at the level of 1977 US dollars, then it rose to the level of 1979 US dollars and touched the level of 1975 dollars, and it closed the transactions at the level of 1978 dollars.

Translated by Ahmed Moamar