The average price of gold increased in Sudan today, Thursday March 17, 2022, in conjunction with the rise of the precious metal globally.
Gold Price Today in Sudan
The average price of a gram of 24-carat gold in Sudan today in local market transactions rose to about 27,872 thousand pounds ($62.35).
The average price of a gram of 21-carat gold in Sudan (the most traded on the market) also rose to about 24,389 thousand pounds (54.56 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 20,904 thousand pounds (46.77 dollars).
Looking at cheap gold prices in Sudan today, the average price of one gram of 14-carat gold reached around 16,259 thousand pounds ($36.37).
The price of an ounce and a pound of gold today in Sudan
The average price of an ounce in Sudan rose during today’s transactions on local markets, to the level of 866,822 thousand pounds (1939 dollars).
The average price of a pound of gold in Sudan today (8 grams of 21 carats) also rose to about 195,109 thousand pounds ($436.49).
Gold prices today worldwide
Gold prices rose on Thursday, with the dollar falling after the Federal Reserve (the US central bank) raised interest rates, making the precious metal less expensive for holders of other currencies. , but rising Treasury yields capped gains.
And spot gold contracts rose 0.4% to $1,936.26 per ounce (per ounce) by 08:05 GMT, after hitting the lowest level since February 28 at $1,894.70 on Wednesday. .
US gold futures also rose 1.3% to $1,934.20.
The dollar index fell, making gold cheaper for holders of other currencies, after the Federal Reserve decided to raise interest rates in a shift from coping with the repercussions of the Corona pandemic to combating the economic risks of inflation and the war in Ukraine.
The Federal Reserve’s decision raised 10-year US Treasury yields to their highest level since May 2019, in the previous session.
And gold, quoted in the US currency, is very sensitive to rising interest rates in the US, as this increases the cost of holding non-yielding bullion.
Prices of other precious metals
The price of palladium, which is used in the auto industry, rose 2.4 percent to $2,465.52 an ounce.
The metal hit a record high of $3,440.76 an ounce on March 7, fueled by concerns about supply disruptions from Russia, the top palladium producer.
Silver was also up 0.6% at $25.22 an ounce, while platinum was down 0.1% at $1016.44.