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Gold prices surge due to high demand for bullion and pounds following interest rate hike – weekly update.

The price of gold now.. The price of gold rose today, Friday, March 31, in the goldsmiths of Egypt, to exceed a gram of 21 carat gold, the barrier of 2200 pounds.

The price of a gram of 18 carat gold in the middle of today’s trading, Friday, exceeded the 1900 pounds barrier.

Gold price and savings certificates

The price of gold rose in today’s trading in the local market, hours after the Central Bank of Egypt’s decision to increase the interest rate by 200 basis points, bringing the deposit limit at 18.25% and lending near 19.25%, and bank customers awaited saving certificates with a new return, with the return of the banking sector to work next week.

Gold is rising because of the black market dollars

The rise in the price of gold came after an increase in the selling price of the dollar against the pound in the parallel market, and the metal is priced locally according to the price of the dollar, especially the black market dollar. Savings with a return of 30%, in light of the anticipation of the holders of the 18 expired certificates savings certificate New interest rates that keep pace with the inflation rate of 40.3% and protect their money in the event of a depreciation of the pound again.

gold

The price of gold is rising due to the increased demand for bars and pounds

Amir Rizk, an expert in gold artifacts, said in exclusive statements to (for a week) that the price of gold rose today in Egypt following the rise of the metal globally due to the increase in the rate of demand for ounces in foreign markets, while the demand for artifacts inside the Egyptian market stopped amid the demand for raw materials such as pounds and bullion. gold.

Gold prices now

And the price of gold is now recorded in Egypt, according to the following goldsmiths expert:

The price of a gram of 24 carat gold in the middle of today’s trading, Friday, was about 2835 pounds.

21 karat gold

While the price of a gram of 21 carat gold was in the middle, about 2220 pounds.

The price of gold today in Egypt

18 karat gold

And the price of a gram of 18 carat gold in the middle of the year reached 1901 pounds.

The price of the gold pound

The price of the gold pound ranged around 17,760 thousand pounds.

Gold in dollars

And about the price of an ounce of gold today, Friday, March 31, it recorded 1978 dollars.

Also read..

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