The price of gold jumped to its peak in more than two weeks yesterday on Friday due to the Chinese virus and encouraged the demand for gold as a safe haven for investment, and the spot price of gold rose yesterday by 0.7% to $ 1573.73 an ounce after reaching its peak since January 8 at $ 1575.03 in Earlier in the session.
Because of the turbulent conditions, the price of gold has risen globally, as it is a safe haven in general, whether global or local, and the investor will resort to it or even the ordinary citizen when these disturbances occur. The price of the US dollar, which is the most important factor that is taken into account on a daily basis when determining prices, but with the recent decline in the price of the dollar in Egypt, this has slowed the wave of the rise of gold prices despite the rise in global gold prices.
And monitoring «Egypt 365», in his next report, a table of the latest gold prices in the Egyptian markets with its various calibles, and the changes in the price of gold in gold prices, and all that is found in the gold market, moment by moment, as the table includes a continuous update of gold prices «18 carat , 21 carat, 24 carat », as well as the price of a gold pound, the price of an ounce of gold.
Average gold prices today in the financial markets in Egypt
|Unit||Egyptian Pound||American dollar|
|24k gold prices||798.80 pounds||$ 50.56|
|The price of 22 carat gold||732.24 pounds||$ 46.35|
|21k gold price||698.97 pounds||$ 44.24|
|18k gold price||599.11 pounds||$ 37.92|
|14k gold price||465.97 pounds||$ 29.49|
|The price of gold 12 carat||399.40 pounds||$ 25.28|
|The price of gold 9 carat||299.55 pounds||$ 18.96|
|Gold price per ounce||24,843 EGP||$ 1,572|
|Prices of gold pounds||5,592 pounds||$ 353.92|
|Kilo gold prices||798,804 pounds||$ 50,559|
Average gold price in the past days in Egypt in the financial markets
|Today||24 caliber||21 caliber|
Gold forms a large part of Egypt’s exports of jewelery and precious stones that exceed one billion dollars annually, and gold is exported as raw materials and alloys, not finished crafts, because of the stamping stamp, which is not accepted outside the country.
The gold price has witnessed a state of instability since the outbreak of the trade war between the United States of America and China, as the war erupted between the two largest economies in the world by imposing many customs duties on the imports of the Chinese state, which in turn was responding to American decisions, and during the current time it is going Steps towards negotiations between the two countries, amid a state of anticipation among investors who resort most of the time to gold as a safe haven for investment.