The high price of gold 6 pounds and 21 karat records 696 pounds per gram


Gold prices rose today, Wednesday, in Egypt, by 6 pounds in morning trading, following the rise in gold prices globally to the highest level during the month of February, at $ 1602 an ounce.

The price of 21 carat gold, which is the best-selling goldsmith market in Egypt, was 696 pounds per gram, with a noticeable decline in sales operations for the second month in a row, according to the gold division of the Chamber of Commerce.

Gold prices today:

18-carat record 596 pounds.

Caliber 21 recorded 696 pounds.

Caliber 24 recorded 795 pounds per gram.

The gold pound is 5568 pounds.

An ounce of gold is $ 1602.

Gold prices held above the important level of $ 1,600 on Wednesday, as concerns about the economic impact of the Corona virus epidemic dispelled the impact of a rise in stocks, caused by a decrease in the number of new infections.

Meanwhile, palladium, used to stimulate the auto industry, set another record high, due to persistent shortages in supplies.

There was little change in gold at $ 1602.78 an ounce, after rising to its highest level since January 8 at $ 1605.10.

Asian stocks and US equity futures rose cautiously as investors sought to set aside concerns about the epidemic.

The rate of increase in the number of new cases of the virus has slowed in Hubei Province, China, even as the death rate increased to 132 on Tuesday.

The dollar index, which tracks the performance of the greenback versus a basket of six competing currencies, was near the highest level in more than four months.

Investors are awaiting the minutes of the Federal Reserve meeting, which took place on January 28-29, on policy.

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