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Gold prices fell at the end of the week’s trading, and 21 karat recorded 792 pounds


Gold prices fell today in Egypt, at the end of the week’s trading, at a value of one pound, to record 21 karat gold, which is the best selling in Egypt, at 792 pounds per gram of 21 karat, which is the best seller in Egypt, with the global price of the precious metal dropping globally to levels of 1812 dollars at the time of drafting these lines.


Gold prices today


24 caliber record 904 pounds.


21 caliber record 792 pounds.


Carat 18 recorded 678 pounds.


The gold pound is 6336 pounds.


An ounce of gold is $1,812.

 

Gold prices fell as its attractiveness diminished due to the rise in the dollar and the recovery of yields, which pushed the yellow metal to drop from the highest level in a month, which it reached in the previous session.


US gold futures fell 0.9% to $ 1813.30, the benchmark US 10-year Treasury yields rebounded from a one-week low, and the dollar index is heading for its strongest weekly gain.


 The inability of gold to benefit significantly from weak real yields in the US indicates that it will remain vulnerable to further downside, said Daniel Ghaly, commodity strategist at TD Securities.


Earlier in the week, Federal Reserve Chairman Jerome Powell said the US central bank would remain dovish, which drove gold to a one-month high on Thursday.

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