Gold prices fell today, Wednesday, January 15, 2020


Gold prices in the local market continued to decline in the beginning of trading today, Wednesday, January 2020, and the value of the decline ranged between two and four pounds in the price per gram, without workmanship.
And we publish local gold prices, which may vary from one goldsmith to another, according to the geographical scope at the level of the governorates of the Republic.
Local gold prices, 21 carat, recorded about 680 pounds, 18 carat about 583 pounds, 24 carat about 777 pounds, and the gold pound scored about 5440 pounds.
Gold prices fell in the local market during the past two days, and the value of the decline ranged between 6 and 7 pounds per price per gram, without workmanship.
There are 3 rules governing gold prices in Egypt, which are the factor of supply and demand, the price of an ounce of gold globally and changes in the price of the American currency, which are the rules that are observed on a daily basis when determining prices.
The more the demand for gold and the lower the supply of it, the higher the price. These are global constants that cannot be interfered with by traders, who calculate the price through a calculation by multiplying the international price by the price of the dollar, and through this the prices are determined.


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