Gold prices today in Egypt, Saturday, May 14, 2022… a sharp decline

Gold prices today in Egypt, Saturday, May 14, 2022… a sharp decline
Gold prices today in Egypt, Saturday, May 14, 2022… a sharp decline

Gold prices fell today in Egypt today, Saturday, May 14, 2022, amid a noticeable decrease in the movement of buying and selling, according to dealers

Gold prices in Egypt vary in different regions and calibers, where the value of workmanship (the merchant’s wages for each gram in gold works) ranges between 30 and 60 pounds in the goldsmiths’ areas, while it rises from that for some traders, ranging from 120 to 150 pounds.

Gold price today in Egypt

The price of a gram of 24 karat gold today in Egypt fell to the level of 1120 pounds ($ 60.58), compared to 1274.25 pounds at the end of trading yesterday, Friday, according to the “egypt.gold-price-today” platform for monitoring gold prices in global markets.

The price of a gram of 18 karat gold today in Egypt fell to the level of 840.06 pounds ($ 45.44), compared to 955.75 pounds at the close of trading yesterday.

As for economic gold prices today in Egypt, the price of a gram of 14 karat gold recorded about 653.37 pounds ($ 35.34), and the price of a gram of 12 karat gold recorded about 560.03 pounds ($ 30.29), and the price of a gram of 9 karat gold recorded about 420.02 pounds ($ 22.72).

The price of 21 karat gold today in Egypt

The price of a gram of 21 karat gold today in Egypt (the most traded in the market) fell to the level of 980.07 pounds (53.01 dollars), compared to 1115 pounds at the end of trading yesterday, Friday.

The price of an ounce today in Egypt was about 34,834 pounds (1884 dollars), and the price of the gold pound today in Egypt was about 7841 pounds (424.08 dollars).

Gold prices today globally

Gold prices fell globally during spot trading from Saturday morning, by 0.90%, to reach the price of an ounce (an ounce) in the markets of the United States of America to 1808.20 dollars.

Federal Reserve Chairman Jerome Powell described stable rates as a “bedroom” for the economy, saying on Thursday that the central bank’s fight to cool inflation “will involve some difficulties” as the impact of higher interest rates can be felt. But he said the worst outcome would be for prices to continue to accelerate forward.

On the data front, the US Producer Price Index released on Thursday showed growth of 0.5% m/m in April, slower than the 1.6% increase in March, due to relief from pressure from higher energy product costs. .

Data released on Thursday also showed that initial jobless claims in the US rose to 203,000 last week.

The article is in Arabic

Tags: Gold prices today Egypt Saturday sharp decline

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