Thursday 29/January/2026 – 05:38 PM
Gold prices fell globally, by about $68, during Thursday’s trading, falling to the level of $5,349 on the global market.
An ounce of gold globally
According to the Bloomberg index, the ounce globally lost $68 after the metal’s historic rise, with the futures price falling to the level of $5,431.
Silver prices also decreased by 3.5%, equivalent to about $4, to record $112 per ounce today, Thursday.
Engineer Saeed Embabi, Executive Director of the iSagha platform, which specializes in publishing and trading, said Gold prices Online, successive record highs in gold prices have caused an unprecedented boom in the volume of demand within the local market, which has led to a state of clear confusion between factories and companies operating in the gold sector.
Embaby explained that current demand levels have exceeded the operational capabilities of factories, especially in light of the increasing demand for purchasing gold as a safe haven and savings tool, which has imposed great pressure on production and supply chains.
