Gold prices today in Egypt:
18 caliber recorded 700.25 pounds per gram.
Caliber 21 recorded 817 pounds per gram.
Caliber 24 recorded 933.75 pounds per gram.
The gold pound is 6536 pounds.
An ounce of gold is $ 1860
Gold prices in Egypt recorded during the period from the beginning of August until now, a significant decrease of 100 pounds per gram, against the backdrop of the decline of an ounce of gold from $ 2025 to $ 1860, and gold in Egypt fell from 920 pounds to between 816 and 820 pounds at the goldsmith market .
Aswaq’s program presented by colleague Islam Saeed on Al-Youm Al-Sabea TV reviewed the reasons for the decline in the price of gold over the course of 55 days, which relates to the trend of investors in global stock exchanges to reap profits, in addition to the dollar’s remarkable gains over the past 4 weeks.
The price of gold reached its peak in Egypt on August 5, 2020, recording 920 pounds per gram, which is the maximum price recorded by 21-carat gold, which is the main caliber of the Egyptian market, after an ounce reached $ 2025, a record gold recorded for the first time in the world.
Regarding the reasons for the rise in gold during the year 2020, observers confirmed that the low interest trade pushes investors to put their money in gold as a safe haven, which increases the demand for it in an unprecedented way and pushes it to record historical prices.
Globally, gold prices rose to exceed the $ 2,000 mark for the first time in history, last August, as demand for the metal, which is considered a safe haven, was boosted by a climate of extremely low interest rates and hopes for more stimulus in the United States to protect the economy affected by the Corona virus.