The price of gold today, Friday, February 7, 2020 in Egypt, the price of gold today in Egypt, the price of gold today decreased by about 8 pounds, despite the rise in the price of gold globally, and the demand for gold jewelry in Egypt decreased by 5 to 7%, according to World Gold Council Report.
The gold balance in foreign exchange reserves increased to 3.3 billion dollars by the end of last December, compared to about 3.15 billion dollars at the end of November 2019, an increase of about 153 million dollars.
And monitoring «Egypt 365», in his next report, a table of the latest gold prices in the Egyptian markets with its various calibles, and the changes in the price of gold in gold prices, and all that is found in the gold market, moment by moment, as the table includes a continuous update of gold prices «18 carat , 21 carat, 24 carat », as well as the price of the gold pound, the price of an ounce of gold.
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Average gold prices today in the financial markets in Egypt
| Unit | Egyptian Pound | American dollar |
|---|---|---|
| 24k gold prices | 794.38 pounds | $ 50.38 |
| The price of 22 carat gold | 728.19 pounds | $ 46.18 |
| 21k gold price | 695.10 pounds | $ 44.09 |
| 18k gold price | 595.79 pounds | $ 37.79 |
| 14k gold price | 463.39 pounds | $ 29.39 |
| The price of gold 12 carat | 397.19 pounds | $ 25.19 |
| The price of gold 9 carat | 297.89 pounds | $ 18.89 |
| Gold price per ounce | 24,705 pounds | $ 1,567 |
| Prices of gold pounds | 5,561 pounds | $ 352.69 |
| Kilo gold prices | 794,378 pounds | $ 50,383 |
Average gold price in the past days in Egypt in the financial markets
| Today | 24 caliber | 21 caliber |
|---|---|---|
| February 5 | 790.55 | 691.75 |
| February 4 | 790.10 | 691.35 |
| February 3 | 801.91 | 701.69 |
| February 2 | 807.53 | 706.60 |
| February 1 | 807.53 | 706.60 |
| January 30 | 801.61 | 701.42 |
| January 29 | 801.04 | 700.93 |
| January 28 | 796.93 | 697.33 |
| January 27 | 804.08 | 703.59 |
| January 26 | 798.94 | 699.09 |
| 25 January | 798.94 | 699.09 |
| January 24 | 798.80 | 698.97 |
| January 23 | 792.32 | 693.30 |
| January 22 | 792.74 | 693.66 |
| January 21 | 792.07 | 693.08 |
| January 20 | 791.73 | 692.78 |
| January 19 | 792.80 | 693.71 |
| January 18 | 792.80 | 693.91 |
| January 17 | 792.77 | 693.69 |
| January 16 | 790.87 | 692.03 |
| January 15 | 793.97 | 694.74 |
| January 14 | 790.09 | 691.34 |
| January 13 | 793.56 | 694.38 |
| January 12 | 804.03 | 703.54 |
| January 11 | 804.03 | 703.54 |
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.
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 setting prices, but with the recent decline in the price of the dollar in Egypt, this has caused Slow down the rise of the gold price despite the rise in global gold prices
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 conducting 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.
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