The average price of gold fell today in Sudan, Thursday March 17, 2022, in conjunction with the fall of the precious metal worldwide.
Gold Price Today in Sudan
The average price of a gram of 24-carat gold in Sudan today in local market transactions decreased to around 27,812,000 pounds ($62.22).
The average price of a gram of 21-carat gold in Sudan (the most traded on the market) also fell to about 24,336 thousand pounds (54.44 dollars).
18K Gold Price Today in Sudan
While the average price of a gram of 18-carat gold in Sudan, in today’s transactions within local markets, was about 20,859 thousand pounds (46.66 dollars).
Looking at cheap gold prices in Sudan today, the average price of one gram of 14-carat gold reached around 16,224 thousand pounds ($36.29).
The price of an ounce and a pound of gold today in Sudan
The average price of an ounce in Sudan fell during today’s transactions on local markets, to the level of 864,946 thousand pounds (1935 dollars).
The average price of a pound of gold in Sudan today (8 grams of 21 carats) also fell to about 194,687 thousand pounds (435.54 dollars).
Gold prices today worldwide
Gold prices fell, on Friday, by a slight percentage, with the Federal Reserve (the US central bank), raising the interest rate.
The US Federal Reserve’s 0.25% rate hike made the precious metal less expensive for holders of other currencies, but rising Treasury yields capped gains.
And spot gold contracts fell 0.51% to $1,933.25 an ounce, after hitting the lowest level since February 28 at $1,894.70 last Wednesday.
And gold futures contracts traded during the previous session at the level of $1,928.35 an ounce (one ounce), amid expectations that the gold index will receive support points at the $1,895.20 level. an ounce, and resistance points at 1994.80 dollars an ounce. .
The dollar index, which measures the performance of the US currency against a basket of 6 other major currencies, rose 0.10% to trade at 98.07 points.
The silver index for the month of May fell 0.96% to settle at $25.37 an ounce, while the price of copper futures for the month of May rose 0.70% to settle at $4.73. The pound.
The dollar’s decline following the 0.25% interest rate cut made gold cheaper for holders of other currencies after the US Central Bank fallout from the war in Ukraine.
The Federal Reserve’s decision raised 10-year US Treasury yields to the highest level since May 2019, in the previous session.
The price of gold in US currency is highly sensitive to rising US interest rates as this increases the cost of holding non-yielding bullion.