Gold prices witnessed in the beginning of trading today, Saturday, January 25, 2020, a state of stability, registering the 21st caliber most traded in the Egyptian markets about 687 pounds per gram.
The price per gram of 24 carat, the highest price in Egypt, to 785 pounds, and the price of gram of 18 carat about 589 pounds, while the 14 carat price reached 458 pounds, an increase of only pounds per gram.
The world price recorded about $ 1556 an ounce, and recorded in the local market 24.418 thousand pounds, while the price of a kilo of gold reached 785.143 thousand pounds.
It is worth noting 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 in the price of the American currency, which are the rules that are observed on a daily basis when determining prices, the more demand for gold and the lower the supply of it, the higher the price, 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 this the prices are determined.
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