The price of gold in Egypt stabilizes, without changes, in light of the fluctuation in the global price of an ounce of gold, in addition to a decline in the average exchange rate of the dollar in official banks, while anticipation remains in the markets for any effects of the global price movement on the local price, which has recently returned to its relationship with it. .
Gold prices today:
24 karat records 3726 pounds.
21 caliber records 3260 pounds.
18 caliber costs 2794 pounds.
14 karat weighs 2173 pounds.
The gold pound is 26,080 pounds.
Gold and dollar
The average exchange rate of the dollar in official banks declined to 48.40 pounds per dollar, after it rose by approximately 1 pound since the banks returned to work after the Eid al-Fitr holiday. This comes in light of the general stability in the movement of the exchange rate in Egypt during the recent period, which… It was reflected in the calmness of gold market trading.
On the other hand, we find that the current weak demand for local gold has prompted traders to export raw gold to benefit from and compensate for the decline in current demand, and thus this has caused the price of local gold to decline recently.
The correlation between the local gold price and the global price of an ounce of gold has returned recently, especially after the exchange rate stabilized in official banks, which keeps the local markets waiting for any upcoming changes in the global gold price.
