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Gold price and 21K purity after Fed decision
It has been reported that the price of gold increased today, Thursday, July 30, 2026, following the US Federal Reserve's decision to hold interest rates steady. The price per gram of 21-karat gold rose by 50 pounds, reaching approximately 5,930 pounds. However, globally, the price of gold declined, with an ounce trading at around $4,093. Reports forecast the price of an ounce to stabilize around $4,100 in the second half of 2026, with the possibility of rising to $4,500 or $5,000 if geopolitical or economic tensions escalate. Major banks' forecasts vary between reaching $6,000 or trading between $3,800 and $4,700. Locally, gold prices are influenced by central bank decisions and the exchange rate of the local currency against the dollar, necessitating continuous monitoring of global and domestic variables.
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