Thursday 19 backend.Sep
Gold prices surged on Tuesday amid mounting speculation that the Federal Reserve will lower interest rates at its next meeting. Investors are eagerly awaiting the release of the U.S. inflation report for further clues on the potential rate cut.
Gold prices remain volatile,
influenced by global economic conditions and U.S. monetary policy. For those
considering investing in gold, staying updated on market trends is crucial.
Gold prices in global markets:
Spot Gold: Prices increased by
0.23% to $2,503.26 per ounce.
Gold Futures: Rose by 0.35% to
$2,532.15 per ounce.
Gold Bars: Set a new record high
of $2,531.60 on August 20, 2024.
Gold prices in the local market:
According to the General Division
of Gold and Jewelry, gold prices have increased in Egypt's local market. Here's
a breakdown of current prices:
24-Karat Gold:
Selling Price: EGP 3,903 Buying
Price: EGP 3,880
21-Karat Gold:
Selling Price: EGP 3,415 Buying Price: EGP 3,395
18-Karat Gold:
Selling Price: EGP 2,928 Buying Price: EGP 2,910
Gold Pound:
Selling Price: EGP 27,360 Buying Price: EGP 27,160
