Tuesday May 13/2025 – 03:49 PM
Gold prices in local markets rose during trading today, Tuesday, with an ounce on the global stock exchange, amid the anticipation of the markets for American inflation data to determine the directions of American monetary policy and the movements of gold prices during the coming period.
The price of a gram of 21 carat gold
Said Imbabi, Executive Director of the AI platform for gold and jewelry trading via the Internet, said that gold prices in local markets increased by about 20 pounds, compared to the conclusion of yesterday’s transactions, to record the price of a gram of 21 -carat gold 4625 pounds, while the ounce increased by 7 dollars, to record the level of 3245 dollars.
He added, Embaby, that the gram of 24 carat gold recorded 5286 pounds, and the gram of 18 carat gold recorded 3964 pounds.
Gold prices in local markets
According to the daily report of the AIS platform, gold prices in local markets decreased by 110 pounds during yesterday’s trading, where the gram of 21 carat gold opened transactions at the level of 4715 pounds, and touched the level of 4555 pounds, and concluded transactions at 4605 pounds, while the ounce of 87 dollars fell, where transactions opened at the level of 3325 dollars, and touched the level 3215 dollars, and concluded trading at the level of $ 3238.
Imbabi explained that the gold prices have risen again, after the decline wave yesterday, Monday, after the announcement of the trade agreement between the United States and China.
The sharp decrease in the price of gold came yesterday, Monday, following the announcement of a temporary truce between the United States and China on customs duties, as the United States agreed to reduce import fees from 145% to 30%, while China reduced customs duties from 125% to 10%.
He added, that the markets are witnessing a state of concern about the lack of details in the commercial agreement, and then the prices may increase for any of the standard levels recorded by the ounce during the past month, and therefore, the current decrease may be an appropriate opportunity for purchase.
