Gold prices rose in Egypt today, Friday, by two pounds, at the goldsmiths market, registering 686 pounds per gram of 21 carat, which is the most popular and best selling in Egypt, after the price of gold rose globally by 0.29%, raising the ounce from 1552 to 1557 dollars.
Gold prices witnessed a marked fluctuation and turmoil since the beginning of 2020 as a result of some political and security events in the east, which pushed the prices to rise to 1580 dollars, before retreating back below 1560 dollars currently, to record 1557 dollars an ounce.
And the price of gold after its fall became as follows:
Caliber 18 records 586 pounds per gram
Caliber 21 recorded today evening 686 pounds per gram
Caliber 24 recorded today evening 783 pounds per gram
The gold pound is 5488 pounds
An ounce of gold is $ 1557.
The turbulent situation nurtures the idea that gold is a safe haven in general, whether global or local, and the investor or even the ordinary citizen will turn to it when these disturbances occur.
Gold prices in Egypt are related to many factors, including those related to supply and demand factors, 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 setting prices, but with the recent decline in the dollar in Egypt, this has caused a slowdown Gold prices rise despite the movement of world prices.