Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Gold pricing resumed, 21 karat at EGP3850

Mon 29 Jan 2024 | 03:22 PM
 gold bars
gold bars
Basant Ahmed - Walid Farouk

Pricing and trading were resumed in the gold markets today Monday while the ounce rose on the global stock exchange, amid the escalation of tensions in the Middle East, and amid markets’ anticipation of the US Federal Reserve’s decision to determine the fate of interest rates at this month’s meeting.

Saeed Embabi, CEO of the “iSagha” platform said that the market began trading today as the price of a gram of 21 carat gold recorded 3850 pounds while an ounce rose by about 10 dollars to record 2029 dollars.

He added that a gram of 24 karat gold recorded 4,400 pounds, a gram of 18 karat gold recorded 3,300 pounds, while a gram of 14 karat gold recorded about 2,567 pounds, and a pound of gold recorded about 30,800 pounds.