Saw price gold In Egypt, a decrease of about 60 pounds within 24 hours due to global developments and the fall of an ounce of gold by 82 dollars in spot trading, which was reflected in the price of gold in Egypt..
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.
Gold market developments
Over the past week it has decreased gold By 0.6%, losing 20 pounds, as it closed at the level of 3090 pounds per gram, and it had opened trading last week at 3110 pounds per gram.
Volatility was dominant in the performance of local gold during the past week, while the price was affected by movements in the global gold price, but it was affected slightly due to the stability of other factors such as the stability of the exchange rate and weak local demand for gold, according to Gold Billion.
Dollar exchange rate There were moderate movements against the pound in official banks during this week, so that stability remains the title of change in the exchange rate, which is reflected in the movement of gold prices, as sharp price fluctuations and price speculation by market participants disappeared.
Last week, it was announced that a new gold exploration company was established jointly between the Egyptian General Authority for Mineral Resources and the Canadian company Aton Mining Inc., with the authority to explore for gold in the Abu Marwat area in the Eastern Desert.
A Financial Supervision Report presented to the Prime Minister showed that the number of clients in gold investment funds reached 108.8 thousand investors by the end of last April, which indicates the success of this experiment in Egypt and that it attracted an appropriate number amid a desire to spread the experiment and promote it in a way that provides investment opportunities. Unconventional means for citizens that enable them to preserve their savings.
On the other hand, the Central Bank of Egypt announced that foreign exchange reserves had risen to their highest level ever at the end of last May, recording $46.1 billion after it was worth $41 billion at the end of last April.
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