Gold Prices Surge Sharply
Gold prices climbed at the start of Monday’s trading, with spot prices rising by nearly 2% to $5,387.26 per ounce, while U.S. gold futures advanced 1.8% to reach $5,342.80 per ounce.
Financial markets witnessed a growing shift toward safe-haven assets, as demand for the precious metal increased amid escalating tensions in the Middle East.
Data from gold trading hubs indicated that shipping activity in Dubai—one of the world’s key gold trade centers—was affected following the suspension of certain flights and delays in cargo arrivals. This disruption led to slower supplies heading to Asian and European markets.
The rally coincided with investors moving to diversify their portfolios and reduce risk exposure amid persistent uncertainty in global markets.
In Sudan, gold prices rose in tandem with global gains. The price of an ounce reached $5,385.32, equivalent to 19,387,152 Sudanese pounds. The price of 24-karat gold stood at $173.14 per gram (623,304 pounds), while 22-karat gold was priced at $158.71 per gram (571,356 pounds).
Meanwhile, 21-karat gold reached $151.50 per gram (545,400 pounds), 18-karat gold was recorded at $129.86 per gram (467,496 pounds), 14-karat gold stood at $101.00 per gram (363,600 pounds), and 9-karat gold was priced at $64.93 per gram (233,748 pounds).
