Gold prices today
The price of 21 karat gold reached 782 pounds.
And the price of 24 carat gold was recorded at 893.75 pounds.
While the price of 18 karat gold was recorded at 670.25 pounds.
The price of the gold pound is 6256 pounds.
Global gold prices:
Gold prices fell below $1,800 an ounce on Wednesday, October 27, as rising US bond yields limited investors’ appetite for the precious metal, as investors tried to see how central banks would deal with inflationary pressures.
Market players’ attention has now shifted to the Bank of Japan and European Central Bank meetings scheduled for Thursday, and the US Federal Open Market Committee meeting on November 3rd.
And the price of gold in spot transactions fell 0.2% to $ 1789.02 an ounce by 06:49 GMT, down 1.3% since it rose to its highest level in more than a month last week. US gold futures fell 0.2% to $1,790.80.
Expectations of central bank decisions
The Bank of Japan is set to maintain its massive stimulus program and cut its inflation forecast this year, but inflation fears in the euro zone may present a challenge to the European Central Bank.
Other precious metals
For other precious metals, silver fell in spot transactions 0.4% to $24.03 an ounce, platinum fell 0.6% to $1021.52, while palladium rose 0.1% to $2013.28.
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