A significant drop in gold prices today after the gold price was touched today by $ 1284,5 per ounce in global markets, targeting the highest price levels in recent days after reaching a price of around $ 1270 per ounce on global markets, which had a significant impact on drop in prices in domestic markets in Egypt The fall in the price of the US dollar has also helped the pound in the fight against the pound, reaching the lowest price compared to the pound in the last two years, however yellow metal remains the best safe haven in the world of economic fog and geopolitical conditions. Funny Yasia.
We must know that the price of gold in the country is determined by two factors, and those who buy precious metal should choose the right time to buy so that the purchase is close to the lowest price levels, and the seller must also choose the right moment to get the highest value in Sales case, while factors controlling the price of gold locally are the subject of this report.
The reasons for the rise and fall in gold prices locally on the Egyptian market
As mentioned earlier, there are two factors that have a direct impact on the decline or increase in the price of gold in the local market in Egypt, and the following factors are as follows:
First of all: the price of gold and international stock markets and determined by supply and demand as well as global economic conditions, the price of gold around the world is growing in times of economic and political crisis, where it resorts To him Public and private as a safe harbor retains its value.
Secondly, the price of the dollar against the Egyptian pound, the price of gold increases by USD versus pound and falls, because the price of gold in the world is estimated in dollars.
The price of gold today in Egypt
|Sales unit||Unit price per pound|
|Gold 24k Gold Gold Bullion||688 to 690|
|Gold 22K Gold||631 to 633|
|Gold 21K Gold||602 to 604|
|18K Gold Gold||516 to 518|
|Gold 14K Gold||401 to 403|
|Gold 12K Gold||344 to 345|
|"The Oaks"||21 397 to 21 468|
|Pound of gold||4816 to 4832|
The largest countries in gold reserves
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The price of gold today on global markets
Gold prices are currently on the global markets, and gold is currently sold at $ 1244,5 per ounce, and prices are expected to be $ 1294 per ounce in the short term.