Home » News » Gold prices decline today .. And 21 carat records 694 pounds per gram

Gold prices decline today .. And 21 carat records 694 pounds per gram

The price of gold fell today, Wednesday, in Egypt, slightly by only one pound, as a result of the decline in gold prices globally to record 1578 dollars, a decrease of about two dollars.

This decline came after a noticeable fluctuation and turmoil in prices at the end of last week, while yesterday’s gold recorded a rise of 7 in relation to 21st, which is the best-selling and popular in Egypt .

Gold prices today:

Caliber 18 records 594 pounds per gram.

Caliber 21 records 694 pounds per gram.

Caliber 24 recorded 793 pounds per gram.

The gold pound today is 5552 pounds.

An ounce of gold is 1578 dollars.

Gold prices rose to their highest level in more than two weeks yesterday, with stocks declining due to increasing fears that the spread of the new Corona virus could affect the Chinese economy, prompting investors to get rid of high-risk assets and seek safe havens.

Gold is an investment alternative in times of political and financial uncertainty. On the trade front, investors are awaiting further developments regarding the one-stage agreement between the two largest economies in the world, as well as the situations in the Middle East. Therefore, gold is a safe haven in general, whether global or local and is used by the investor or Even the ordinary citizen when these disturbances occur.

Predicting a future price for gold is considered impossible, especially since the price of gold is linked to several other factors that change very quickly, including currency prices in global markets, as well as data and indicators of the economy of countries with major economies, and is linked to supply and demand factors not for small consumers, but it is related to demand Investors.

And the price of gold in Egypt, may change throughout the day for more than once, affected by the global changes witnessed by the precious metal, as well as the changes in the price of the dollar in Egypt, in banks and official banks.

Gold forms a large part of Egypt’s exports of ornaments and gemstones 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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