Written by Islam Saeed Sunday, March 3, 2024 04:08 PM Shahid Today’s gold market in Egypt The decline continues, due to the decline of the black market dollar to levels less than 40 pounds, which caused gold to fall today in Egypt now, so that 21 carat gold, which is the best-selling gold in Egypt, is trading at 2,700 pounds per gram without manufacturing.
Gold prices today:
24 karat records 3086 pounds.
21 caliber costs 2700 pounds.
18 karat weighs 2314 pounds.
The gold pound is 21,600 pounds.
An ounce of gold is $1966.
Falling black market dollar reflects on gold
The gold market dollar witnessed a decline to levels of 46 pounds for the first time in more than 4 months due to the fall in the price of the dollar on the black market to below 40 pounds today, Sunday.
What is meant by the gold dollar is the dollar based on which the price of gold in Egypt is calculated, meaning that the price of gold is calculated on the price of a dollar linked to the movement of the black market dollar, and the gold market dollar is higher than the black market price.
The dollar in the gold market is now calculated at 46 pounds, meaning that gold in Egypt is now priced according to a dollar calculated at 46 pounds, and this is an indication that the dollar is moving in a range much lower than that on the black market.
The developments of the decline in the price of the dollar in the parallel market came after the Egyptian government announced that Egypt had received another $5 billion from the first installment of the investment partnership deal with the United Arab Emirates, regarding the project to develop the city of “Ras El Hekma” on the northwestern coast of Egypt. Thus, the first installment has been completed. Actually completed.
2024-03-03 14:08:00
#price #gram #gold #markets #pounds #karat #Youm7
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