Gold prices in Egypt continue to rise

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Gold prices stabilized in the beginning of morning trading, today, Thursday, February 20, at the average prices, which reached yesterday, Wednesday, despite the jump, which was achieved by 21 carat, two days ago.

Newspaper reported The Egyptian “homeland”, the average gold price, which includes 24 carat, 21 carat, and 18 carat, in addition to the pound price:
The price of a gram of 24 carat gold ranged between 793 and 795 pounds.

The price of a 21-gram gold gram ranged between 694 and 696 pounds.

The price of a gram of 18 carat gold ranged between 595 and 597 pounds.

– The price of the gold pound in gold, during the day, reached 5 thousand and 568 pounds.

According to the newspaper, “Money”, the prices of gold ounces globally, rose suddenly, to more than 1,600 dollars, which caused the rise in gold prices in Egypt, yesterday, Wednesday, significantly in the beginning of local market transactions, where the 21-carat, the best-selling, rose to the highest price It has since the beginning of 2020, an increase of 6 pounds to reach 697 pounds per gram, compared to 691 pounds per gram in trading Tuesday.

The newspaper drew That the gold price in Egypt is affected by several factors, most notably the price of the dollar against the pound in the local market, in addition to the price of an ounce on the gold exchange, which contributes to an increase or decrease of gold prices in Egypt in a variable way.

It is worth noting that gold is benefiting positively from the global crises that slow the economy, making it a safe haven for investors.

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