Gold prices in Egypt rose today by about 3 pounds, compared to yesterday’s prices, which is considered a new record price.
The price of a gram of 18 carat gold today is about 675 pounds, and the price of a gram of 24 carat is about 901 pounds, and the price of a pound of gold reached 6304 pounds, according to local media.
REUTERS / Ajay Verma
Quotes means Flags A local expert said that the rise in gold prices came as a result of the decline in oil prices globally, due to fears of the spread of a second wave of the emerging Corona virus, which led to an increase in demand for the yellow metal as a safe haven.
She added that gold prices in Egypt are affected by the price of an ounce globally, and the price of the dollar, and it cannot be interfered with by traders, who calculate the price by hitting the international price in the price of the dollar, and through this the prices are determined.
The price of gold has recorded stability, in Egypt, over the past few days, to record the price of a gram of 24 carat gold price of 894 pounds.