Gold prices in Egypt today record 3,100 pounds per gram of 21 karat

Islam Saeed wrote

Thursday, March 21, 2024 01:30 PM

Saw price gold In Egypt, there was a noticeable increase of about 90 pounds for all bullies traded in the Egyptian market, coinciding with the rise in prices on the international stock exchange, so that gold recorded a new historical level above $2,200 on the international stock exchange, which had an impact on the movement of gold in the Egyptian market.

Gold prices today:

24 karat records 3543 pounds.

21 carat costs 3100 pounds.

An 18 karat carat costs 2657 pounds.

14 karat weighs 2067 pounds.

The gold pound is 24,800 pounds.

Global and local gold price forecasts

The price of an ounce of global gold rose to record a new historical high, after a significant decline in the levels of the US dollar and US bond yields, as the Federal Reserve Bank fixed interest rates and indicated expectations of reducing interest 3 times this year, which increased the demand for gold in return to record Record levels.

Local gold prices witnessed an increase today, Thursday, to follow the significant rise in the price of an ounce of international gold today, which recorded a new historical level. It is noted that the movements of the price of gold in Egypt are moderate without violent movements, which indicates the stability of the market and the disappearance of price speculation during the current period.

The global price of an ounce of gold is trading above the level of $2,200 per ounce, after it rose and recorded the highest historical level at $2,222 per ounce. The recent rise in the price of gold prompted it to breach a number of important levels that provide it with strong upward momentum in the short term.

However, there is currently saturation in buying on momentum indicators at different time levels, which may push gold to decline or enter into a correction accidentally, and in this case the targets are at $2185 and then $2160 per ounce.

As for the local price:

The stability of the local gold price above the level of 3000 pounds per gram of 21 karat helped gold prices rise today to the level of 3080 pounds per gram in an attempt to reach the level of 3100 pounds and then the target at 3150 pounds per gram.

It is worth noting that the continued gradual decline in the dollar exchange rate in official banks, in addition to the current decline in local demand, contributes significantly to reducing the chances of a rise in the price of gold and increasing the chances of fluctuation.

ظهرت في الأصل على

Leave a Comment