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A significant decline in gold prices today in Egypt

The price of gold today, Friday, March 13, 2020, the price of gold today through the follow-up of the “Egypt 365” website, a table of the latest gold prices in the Egyptian markets with its various calibles, and the changes in the price of gold in the gold price, and everything that happens in the gold market, moment by moment, where The table includes a continuous update of the prices of gold “18 carat, 21 carat, 24 carat”, as well as the price of the gold pound, and the price of an ounce of gold.

The price of gold today fell significantly in Egypt after the price of gold fell globally to 1589 dollars, and from the price of gold today in Egypt, the price of 21-carat gold fell to 700 pounds, a decrease of 24 pounds, and the price of 18-karat gold today reached 600 pounds, down 21 pounds, The price of gold today reached 24 pounds to 800 pounds, down 27 pounds, and the price of gold today reached 5600 pounds.

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Average gold prices today in the financial markets in Egypt

Unit Egyptian Pound American dollar
24k gold prices 833.92 pounds $ 53.06
The price of 22 carat gold 764.44 pounds $ 48.64
21k gold price 729.70 pounds $ 46.43
18k gold price 625.45 pounds $ 39.79
14k gold price 486.46 pounds $ 30.95
The price of gold 12 carat 416.96 pounds $ 26.53
The price of gold 9 carat 312.72 pounds $ 19.90
Gold price per ounce 25,935 EGP $ 1,650
Prices of gold pounds 5,838 EGP $ 371.41
Kilo gold prices 833,923 pounds $ 53,058

Average gold price in the past days in Egypt in the financial markets

Today 24 caliber 21 caliber
March 10 833.92 729.70
March 9 847.99 742.01
March 8 841.84 736.63
March 7 841.84 736.63
March 6 840.88 735.78
March 5 841.13 736.01
March 4 823.43 720.52
March 3 823.20 720.32
March 2 797.57 697.89
March 1 797.36 697.70
February 29 797.36 697.70
February 28 793.62 694.43
February 27 823.38 720.48
February 26 821.85 719.13
February 25 820.80 718.22
February 24 832.59 728.53
February 23 822.38 719.60
February 22 822.38 719.60
February 21 822.44 719.66
February 20 810.50 709.21
February 19 809.49 708.32
February 18 804.67 704.11
February 17 795.50 696.08
February 16 800.02 700.03
February 15 800.02 700.03
February 14 799.55 699.62
February 13 795.18 695.80
February 12 792.89 693.79
February 11 793.73 694.53

The gold price has witnessed a state of instability since the outbreak of the trade war between the United States of America and China, as the war erupted between the two largest economies in the world by imposing many customs duties on the imports of the Chinese state, which in turn was responding to American decisions, and during the current time it is going Steps towards negotiations between the two countries, amid a state of anticipation among investors who resort most of the time to gold as a safe haven for investment.

Gold prices in Egypt are linked to many factors, including those related to supply and demand factors, the price of an ounce of gold globally, and changes in the price of the US dollar, which are the most important factors that are taken into account on a daily basis when determining prices, but with the recent decline in the price of the dollar in Egypt, this has caused Slow down the rise of gold prices despite the rise in global gold prices.

Gold forms a large part of Egypt’s exports of jewelery and precious stones that exceed one billion dollars annually, and gold is exported as raw materials and alloys, not finished crafts, because of the stamping stamp, which is not accepted outside the country.

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