- Gold prices in the local market fell slightly in the middle of today’s trading, Wednesday, with the decline of the ounce on the global stock market due to the rise of the dollar, amid geopolitical tensions and continued uncertainty regarding the ceasefire in the Middle East, and determining the fate of interest rates, and the state of uncertainty surrounding the ceasefire led Fire in the Middle East led to unstable gold prices.
- This ongoing conflict had previously stimulated demand for gold, pushing its prices to an all-time high of $2,431.29 on April 12.
- Saeed Embabi, CEO of the iSagha platform for trading gold and jewelry online, said that gold prices fell by 5 pounds during today’s trading, compared to the end of yesterday’s trading, so that the price of a gram of 21 carat reached 3,085 pounds, while gold prices on the global stock market fell by about 5 dollars. The ounce reached $2,317.
- Embabi added that a gram of 24-karat gold recorded 3,526 pounds, a gram of 18-karat gold recorded 2,644 pounds, while a gram of 14-karat gold recorded about 2,067 pounds, and a pound of gold recorded about 24,680 pounds.
