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بوابة أخبار اليوم
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Gold prices rise modestly after $70 gains
Gold prices globally saw a modest increase at the start of Wednesday's trading, with the ounce rising by approximately $3 to reach $4,080 after significant gains of around $70 during yesterday's session. Investors are closely watching geopolitical developments and U.S. inflation data that could influence Federal Reserve policies. Locally, gold prices remained steady at their previous levels, unaffected by the global rise, with the price of a 21-karat gram ranging between 5,895 and 5,900 Egyptian pounds. The craftsmanship fee usually ranges from 3% to 7% of the gram's price and varies depending on the type of karat and the region. The cost of craftsmanship for 18-karat gold is higher compared to 24-karat, which is most commonly used in bars.
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