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بوابة أخبار اليوم
Gram's losses reach 120 pounds
Gold prices continued their decline both globally and locally during the closing of Friday's trading session, with the price per gram losing about 120 Egyptian pounds and the ounce decreasing by approximately 138 dollars. Markets remain cautious amid ongoing geopolitical developments and the impacts of the U.S. Federal Reserve’s monetary policy. In the local market, the price of 21-karat gold per gram was around 6,360 Egyptian pounds, excluding craftsmanship fees, compared to 6,480 pounds at the start of trading. There was roughly a 50-pound difference between the selling and buying prices. Globally, the ounce price dropped to $4,463 from $4,601, leading to weekly losses ahead of the end of trading. Earlier in the week, gold prices experienced strong gains, achieving a weekly increase of approximately $228 per ounce. The price of a 21-karat gram rose to 6,600 pounds by the end of the previous week, with expectations of further changes based on economic and geopolitical developments.
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