The price of gold on the present time in the instantaneous evening trades

The price of gold on the present time witnessed the instantaneous buying and selling in the native and world markets, amid the survival of gold excessive above 3630 bucks per ounce, and in Egypt the 21 -carat gold is buying and selling spherical 4900 and focused on 5,000 kilos with the persisted world upward thrust.

Abdel -Al Salima, Vice -President of the Gold Division, talked about that the same old heights recorded by the yellow metal globally in unique weeks focal level on the narrate of anticipation in the markets of the US Federal Monetary institution’s resolution on interest rates, noting that gold has benefited strongly from expectations by reducing interest thanks to this exclaim affect on the decline in the return on authorities bonds and the weakness of the dollar.

Salima explained that the realm gold prices rose for the fourth week in a row, to legend the price of the ounce historically at 3674 bucks, an extend of 1.6% for the length of the past week, after buying and selling opened at 3591 bucks, and closed at 3643 bucks an ounce, and added that the treasured metal jumped since the foundation of 2025 by about 40%, in a single in every of a truly grand historic upward thrust waves.

Gold prices on the present time

24: 5600 kilos per gram

21: 4900 kilos per gram

18: 4200 kilos per gram

Gold pound: 39,200 kilos

The price of an ounce of the realm gold increased for the length of the past week by 1.6% to legend the final be aware historic stage at 3674 bucks an ounce, after the week’s buying and selling used to be opened at 3591 bucks an ounce to shut the session last week at 3643 bucks an ounce, based on the technical prognosis of Pelion’s leather-based.

Gold has increased for four consecutive weeks to legend an extend of 40% since the foundation of 2025, after the rising quiz for gold in mild of expectations that the US Federal Reserve is on its technique to reducing interest rates at its next meeting.

Gold achieves a substantial plot shut pleasure in reducing American interest, because it reduces the price of an alternate opportunity for gold, for the reason that decline in the return on authorities bonds and the decline in quiz for the dollar is reflected positively on gold that doesn’t present a return to its holders.