– The world gold price, as it is the most powerful factor in determining the price of gold locally, and in that matter it should not be ignored by the role of the global central banks in determining the price of gold, by entering into the market by buying and selling.
– The dollar exchange rate, which is a medium-importance factor, as we in Egypt import our gold needs, but the low dollar exchange rate in the past period has had a positive effect on the price of gold locally. Without it, the price would have risen by more than 100 pounds per gram from the current price.
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– Domestic supply and demand for goldsmiths, which is a factor influencing the price of (workmanship) and not the price per gram of crude, but in the end it affects gold prices in Egypt.
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On Monday, February 24, 2020, gold prices recorded a crazy rise of about 20 pounds compared to gold prices at the beginning of yesterday’s transactions. The gram of the most widespread 21-carat gold in Egypt reached 725 pounds, up 20 pounds, and the price of gold per gram of 24-carat, the most expensive category, reached about 826 pounds. 20 pounds.
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The price per gram of Monday 18 caliber reached 620 pounds, compared to 604 pounds, up 16 pounds, and the single gram of 14 karat recorded the lowest category for 483 pounds.
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The price of the gold pound rose and recorded today 5784 pounds, and its price at the beginning of the year was only 5416 pounds, and an ounce of gold today recorded 25.697 thousand pounds and a kilogram of gold at 826.286 pounds.
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