Gold prices rose by 4 pounds today, Tuesday, in the goldsmiths market, after the global gold ounce rose to its highest level since November 2011, recording $ 1796, due to the high demand for the precious metal as a safe haven, against the backdrop of high incidence of emerging Corona virus, which May affect decisions to reopen the economy to countries.
The price of 21-karat gold, which is the best-selling in Egypt, rose today from 792 to 796 pounds per gram, with expectations for another rise in prices in the next few hours, according to Ihab Wasef, deputy head of the Precious Metals Division.
Gold prices after rising:
Caliber 18: 682.25 pounds
Caliber 21: 796 pounds
Caliber 24: 909.70 pounds
Gold Pound: 6368 pounds
World price: $ 1796
Gold prices jumped during trading on Tuesday to be within a stone’s throw from the important level of $ 1,800 an ounce, as a jump in cases of Covid-19 raised hopes for more monetary easing measures and demand for the precious metal as a safe investment tool.
The price of gold in the spot transactions jumped 0.7 percent to $ 1796.09 an ounce, the highest level since November 2011 and a difference of dollars from the psychological level of $ 1,800.