Today, Monday, February 5, 2024, gold prices witnessed stability for all goldsmiths’ calibers. This came after a significant decline in the price of the yellow metal yesterday, with 21 karat falling by about 180 pounds. The price of the gold pound also decreased by 1,440 pounds, according to statements by Amir Rizk, a gold jewelry expert.
Naji Farag, advisor to the Minister of Supply for gold industry affairs, expected gold prices to continue to decline in Egypt during the coming period, explaining that the rise in gold prices during the recent period was illogical and unjustified, continuing: “The market will be balanced and prices will return to moderation, and what happened today and yesterday.” Part of the correction, but not all of the correction.”
Faraj added, in television statements, that the reasonable price of 21 carat gold is between 2,900 and 3,000 thousand pounds, and therefore we expect a further decline during the past few days, indicating that the Central Bank’s raising of the interest rate and the decline in the price of the dollar in the parallel market had an impact. Great calm in the gold market.
Gold price in Egypt today
Gold prices – archive photo
24 karat gold price
Today, the price of 24-karat gold was about 4,000 pounds.
21 karat gold price
The price of 21 carat gold was about 3,500 pounds.
Read also: The price of gold after raising interest… 21 karat falls by 400 pounds, and the 50-gram bullion is 24,900
Today’s gold prices in Egyptian goldsmiths’ shops – archive photo
18 karat gold price
The price of 18 karat gold was about 3,000 pounds.
The price of the gold pound
As for the price of the gold pound today, it reached 28,000 pounds.
Global price of an ounce of gold
As for the price of an ounce of gold, it recorded $2039.
Gold price – archive photo
