Hani Milad, head of the General Division of Gold and Jewelery at the General Federation of Chambers of Commerce, said that the global price of gold has recorded a new high now, reaching 1736 dollars per ounce, compared to 1709 dollars during the beginning of today’s trading. Contrary to international expectations that expected its decline after the US Federal Reserve announced the interest rate hike by 75 basis points, this also had a direct impact on the local market, so that the price of 21 karat gold rose, recording 991 pounds, up 6 pounds from the beginning of morning trading. The division monitors gold prices in the following statement: gold now:
Ounces: 1736 $
karat 21 : 991
karat 24 : 1132.5
karat 18 : 849.5
karat 14 : 662.5
Gold pounds without workmanship, stamp or tax 7928
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