The price of gold today, Friday, June 26, 2020, the price of gold has risen, we publish to you the price of gold today through a continuous follow-up around the clock on the website «Egypt 365», by an updated schedule of the latest gold prices in the Egyptian market with its various calibers, and the changes in the price of gold In the price of gold today, and everything new in the gold market, moment by moment, as the table includes a continuous update of the price of gold today «18 carat, 21 carat, and 24 carat», as well as the price of the gold pound, and the price of gold ounces.
And recorded the highest rise in global stock exchanges, since October 2012, when the price of an ounce reached $ 1772, and the price of 24-carat gold today reached 903 pounds, while 21-carat recorded an amount of 790 pounds.
The reason for the high price of gold, as a result of the global economic slowdown, due to fears of the spread of a second wave of the Corona virus emerging, which led to an increase in demand for the yellow metal as a safe haven, as well as the high price of US gold futures contracts, and the global market forecast indicated a rise Prices of an ounce globally, during the coming days, to reach $ 1,800, which leads to the price of a gram of 24-carat gold in Egypt reaching 1,000 pounds, and that the price of gold today in Egypt is affected by the price of an ounce globally, and the price of the dollar, and they cannot be interfered with by traders, Those who calculate the price by multiplying the international price by the dollar price, and through this the prices are determined.
It is worth noting that the Egyptian market is suffering from a complete stagnation in the movement of buying and selling, as a result of the deterioration of the financial situation of the family, which does not allow the purchase of gold, as well as the cancellation of weddings and celebrations.
The price of gold today
| Unit | The price of gold today in pounds |
|---|---|
| 24-gauge | 901 to 903 |
| 22 caliber | 826 to 828 |
| Caliber 21 | 788 to 790 |
| 18-gauge | 675 to 677 |
| 14 caliber | 525 to 527 |
| 12-gauge | 450 to 451 |
| The ounce | 28,008 to 28,079 |
| Pound of gold | 6,304 to 6,320 |
| Kilo | 900,571 to 902,857 |
Also read:
Average gold prices today in the financial markets in Egypt
| Unit | Egyptian Pound | American dollar |
|---|---|---|
| 24k gold prices | 924.99 pounds | $57.12 |
| The price of 22 carat gold | 847.91 pounds | $52.36 |
| 21k gold price | 809.38 pounds | $49.98 |
| 18k gold price | 693.75 pounds | $42.84 |
| 14k gold price | 539.58 pounds | $33.32 |
| The price of 12-carat gold | 462.49 pounds | $28.56 |
| The price of gold 9 carat | 346.87 pounds | $21.42 |
| Gold price per ounce | 28,767 pounds | $1,776 |
| Prices of gold pounds | 6,475 pounds | $399.82 |
| Kilo gold prices | 924,987 pounds | $57,116 |
The average price of gold in the past days in Egypt in financial markets
| Today | 24-gauge | Caliber 21 |
|---|---|---|
| June 23 | 919.45 | 804.54 |
| June 22 | 913.51 | 799.34 |
| June 21 | 907.07 | 793.71 |
| June 20 | 907.70 | 794.25 |
| June 19 | 907.78 | 794.33 |
| June 18 | 896.70 | 784.63 |
| June 17 | 898.89 | 786.55 |
| June 16 | 899.05 | 786.69 |
| June 15 | 897.81 | 785.60 |
| June 14 | 902.10 | 789.35 |
| June 13 | 900.86 | 788.27 |
| June 12 | 901.57 | 788.90 |
| June 11 | 898.62 | 786.32 |
| June 10 | 905.73 | 792.54 |
| June 9 | 893.01 | 781.40 |
| June 8 | 885.59 | 774.91 |
| June 7 | 879.18 | 769.30 |
| June 6 | 879.34 | 769.44 |
| June 5 | 879.75 | 769.80 |
| June 4 | 894.52 | 782.72 |
| June 3 | 878.92 | 769.07 |
| June 2 | 889.20 | 778.07 |
| June 1 | 891.00 | 779.65 |
| May 31 | 879.24 | 769.35 |
| May 30 | 880.51 | 770.47 |
| May 29 | 880.99 | 770.89 |
| May 28 | 876.40 | 766.87 |
| May 27 | 871.38 | 762.48 |
| May 26 | 873.11 | 763.99 |
| May 25 | 881.58 | 771.40 |
| May 24 | 884.32 | 773.79 |
| May 23 | 883.91 | 773.44 |
| May 22 | 885.33 | 774.68 |
| May 21 | 881.80 | 771.60 |
The price of gold today in Egypt is related to many factors, including those related to supply and demand factors, the price of an ounce of gold globally, and changes in the price of the US dollar, which are the most important factors that are taken into account on a daily basis when determining prices, but with the recent decline in the price of the dollar in Egypt, this caused In slowing the wave of the rise of gold prices despite the rise in global gold prices.
The gold price has witnessed a state of instability since the outbreak of the trade war between the United States of America and China, as the war broke out between the two largest economies in the world by imposing many customs duties on the imports of the Chinese state, which in turn was responding to American decisions, and during the current time it is going Steps towards conducting negotiations between the two countries amid a state of anticipation among investors, who resort most of the time to gold as a safe haven for investment.
Gold makes up a large part of Egypt’s exports of jewelery and precious stones that exceed one billion dollars annually, and raw gold and alloys are exported and not finished crafts, due to the stamp imprint which is not accepted outside the country.
Factors affecting the price of gold
The price of gold is considered one of the most important factors that chart the features of the global economy. Hence, economists have given the gold price and its fluctuations a great importance, especially as it affects the global economy directly.
Among the most important factors that affect global gold prices:
Major interest rate: Which the central bank approves by either raising its value or reducing it according to the economic situation of the country, in cases of economic stagnation, the state adopts an expansionary monetary policy, by increasing the amount of money and reducing the interest rate, which leads to an increase in the price of gold .. As for inflation cases, the state adopts A monetary policy with deflationary tendencies, as it increases the interest rate, and this indirectly leads to a decrease in the price of gold.
Any global economic crisis that directly affects the price of gold, as it is a safe haven that investors resort to quickly when feeling any signs of a global crisis close.
The price of the US dollar There is a close correlation between the price of the dollar and the price of gold bars. The relationship between them is purely inverse.
Gold reserves Existing in international banks has a slight impact on the price of gold in general, so any sale or purchase of part of this reserve is enough to move global gold prices, especially in the major industrialized countries.
International oil prices : There may sometimes deteriorate the price of oil, which indicates a state of weightlessness in the market, so investors quickly turn to gold as a safe haven, which raises its prices in the global market.
The amount of annual gold production And extracting it from mines is natural to have an impact on the gold price in the market.
The amount of demand for gold In the markets of India and China: By virtue of the fact that they have the largest reserves of gold, knowing that this factor is the least influencing the world gold price.
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