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Gold prices on Friday evening, February 7, 2020

Gold prices stabilized during the evening trading, today, Friday, February 7, 2020.

And 21 caliber scored about 685 pounds per gram, 18 caliber about 585 pounds, and 24 caliber about 785 pounds, according to Club Naguib, Secretary of the Gold Division in the Federation of Chambers of Commerce in Cairo told “Al-Bawaba News”.

The price of the gold pound was 5488 pounds, while the international price of gold reached about 1567 dollars an ounce.

It is reported that there are 3 rules governing the price of gold in Egypt, which are the factor of supply and demand, the price of an ounce of gold globally and the changes that occur in the price of the American currency, which are the rules that are observed on a daily basis when determining prices, the more the demand for gold and the supply of it decreases, the price rises, these are Global constants that cannot be interfered with by traders, who calculate the price through a calculation by multiplying the world price by the price of the dollar, and through that the prices are determined.

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