Saturday, February 27, 2021

High gold prices … and 21 karat, 786 pounds

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Gold prices rose by 4 pounds in the local market during trading today, Monday, with an ounce of gold rising on the global stock exchange to the level of $ 1797, due to the decline of the dollar.

Amir Rizk, a member of the Gold Division at the Chamber of Commerce in Cairo, said that gold prices witnessed a slight increase in the local market during today’s trading, with a 21-carat gram of gold registering 786 pounds with an ounce rising on the global stock exchange, after touching its lowest level since last July.

He added to the “Stock Exchange” that a gram of 24-carat gold recorded 898 pounds, and 18 karat records 674 pounds, and the price of a pound of gold reached 6288 pounds.

He pointed out that gold markets are awaiting the repercussions of the testimony of Jerome Powell, Chairman of the Federal Reserve Board, in the semi-annual monetary report to the US Congress on Tuesday, in addition to the injection of an aid package of $ 1.9 trillion to alleviate the repercussions of the Corona crisis in the United States, which is expected to be approved by the end of this week.

The article The rise in gold prices … and 21 karat records 786 pounds was written in the Al Borsa newspaper

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High gold prices ... and 21 karat, 786 pounds