Here in the goldsmiths market in Egypt, the price of 21 karat gold, which is the best-selling in Egypt, was recorded at 910 pounds per gram, up by about 23 pounds per gram, and here we will find that 21-karat gold is approaching one thousand pounds per gram, if we add to it the workmanship price, which starts from 50 pounds per gram .
Gold prices today:
Caliber 18 recorded 780 pounds per gram.
Caliber 21 recorded 910 pounds per gram.
Caliber 24 recorded 1040 pounds per gram.
The gold pound is 7280 pounds.
An ounce of gold is $ 2035.
Globally, gold prices rose above the $ 2,000 mark for the first time in history, as demand for the metal, which is considered a safe haven, was fueled by a climate of very low interest rates and hopes for more stimulus in the United States to protect the economy affected by the Corona virus.
Gold in the spot transactions jumped 1.6% to 2009.13 dollars an ounce, and by 1842 GMT, it was up 1.4% to 2004.35 dollars an ounce, and the US gold futures contracts were settled up 1.7% to 2021 dollars, after it also reached a peak Unsurpassed at $ 2027.30.
Gold profit 32% since the beginning of the year, primarily supported by low interest rates and widespread stimulus by central banks around the world to mitigate the impact of the economic blow to the pandemic.
Edward Moya, a senior market analyst at Oanda Brokerage, said prices could rise towards the $ 2,300 level by the end of the year.
Other precious metals also followed the same pattern, as silver rose seven percent to a week’s high at $ 25.95 an ounce, supporting positive factory data, and was in the most recent high of 5.6 percent to $ 25.60.
Platinum rose 1.4% to $ 928.78 an ounce, and palladium increased 2.3% to $ 2132.63 an ounce.