Gold price in Egypt

Books – Islam Saeed

Wednesday, June 12, 2024 01:38 PM

Transfer value of gold Within the Egyptian market, it solely rose 5 kilos, to be recorded A gram of 21 carat gold That is the very best promoting product in Egypt for 3,115 kilos with none manufacturing unit additions, amongst anticipated tendencies International gold value.

Gold costs at present:

24 karat registers 3560 kilos.

21 desk normal 3115 kilos.

18 karat weighs 2670 kilos.

The pound of gold is 24,920 kilos.

Proof International gold costs per ounce Minor adjustments in at present’s session after recording two days of good points, however basically, volatility and occasional trades stay dominant within the efficiency of the valuable metallic as markets await information US inflation and Federal Reserve Financial institution resolution.

And he scored Spot gold value A slight decline in at present’s commerce by 0.2% to document the bottom degree at $2310 per ounce. now equal to 2312 US {dollars}.

And it was attainable gold A rise from a one-month low recorded on the finish of final week at $2286 per ounce.

Immediately, the buyer value index information for Might for america of America shall be launched, in addition to the Federal Reserve assembly These occasions will immediately have an effect on the… International gold costs.

Islam Saeed wrote

Wednesday, June 05, 2024 09:26 AM

We publish Gold costs in Egypt At present, Wednesday, June 5, 2024, the day’s buying and selling will start, reporting … A gram of 21 carat gold That is the perfect promoting merchandise in Egypt right now at 3,105 kilos, as costs noticed a decline in… Egyptian market After a decline in world ounce.

Gold costs right now:

24 karat registers 3549 kilos.

21 desk customary 3105 kilos.

18 karat weighs 2661 kilos.

14 carats, 2070 kilos.

The pound of gold is 24,840 kilos.

Gold is ready for vital knowledge

He’s ready International gold market Necessary knowledge launched by the US economic system this week with the discharge of the out there job alternatives index, then the US non-public sector jobs index right now, Wednesday, and the report on the variety of unemployment advantages functions on Thursday, and the tip of the week with the federal government jobs report for the non-farm sector, which is an important report and can immediately have an effect on the US Federal Reserve financial institution’s choice concerning charges clean

gold costs It should modify that knowledge individually to adjustments in market expectations concerning rates of interest, and if the roles knowledge comes out optimistic above 200,000 jobs within the month of Could, will probably be thought of detrimental for gold costs and will push to interrupt the $2320. – $2325 per ounce, which is at present a key help space.

survival worth of gold Above the $2,320 degree is taken into account optimistic within the brief time period, as a result of sharp decline within the relationship between gold and silver, which recorded the bottom degree since August 2021 at 72.47 ounces of silver per ounce of gold.

The decline within the relationship between gold and silver implies that it’s a good time to purchase gold As a result of it’s undervalued, that’s what occurred throughout this week, which noticed a rise within the relationship by $ 2.7 with the return of shopping for to gold and profiting from the decline within the relationship between it and cash.

rose Gold costs in Egypt As we speak, Monday, Could 27, 2024, in afternoon buying and selling, round 15 kilos, bringing a gram of 21 carat gold, essentially the most offered gold in Egypt, to three,115 kilos, as costs noticed a rise within the Egyptian market afterwards. the rise of the worldwide ounce.

Gold costs as we speak
24 karat registers 3560 kilos.
21 desk customary 3115 kilos.
18 karat weighs 2670 kilos.
The pound of gold is 24,920 kilos.

International gold growth
i noticed International gold costs per ounce A slight improve at the start of the week’s buying and selling, after registering the bottom stage in two weeks within the final session. US inflation information to be launched later this week.
The value of spot gold utilized in bullion costs recorded a rise in as we speak’s session by 0.4% to report the best stage at $2,347 per ounce after opening as we speak’s session at $2,334 per ounce Throughout the Gold Billion technical report will write, it was buying and selling at a report excessive of $2,344 per ounce.
Within the final week Gold costs fell With 3.3% as a result of minutes of the assembly of the Federal Reserve, which confirmed that the members of the financial institution have been satisfied that the inflation wanted extra time to return to the goal of the financial institution of two%, and due to this fact that it could stay excessive rates of interest for an extended time period.
Increased US rates of interest for an extended time period will improve the chance value of gold, which doesn’t present a return to its house owners, and the dialogue by members of the Federal Reserve at their final assembly on the potential of elevating rates of interest if inflation reaches ranges that. assure that it has elevated unfavorable strain on gold costs.
Throughout this era, gold is transferring in each instructions between the degrees of 2350 and 2325 {dollars} per ounce, because the markets are on the lookout for an satisfactory stimulus for the value to return to transferring in a transparent path, particularly from free- British monetary market days and the US of America at the moment are decreasing buying and selling volumes.
Additionally, vital financial information was absent from the markets within the first half of the week, which leads us to count on a steady change in gold actions within the subsequent two days.