A sudden rise in the price of gold in Egypt – the economy – the Arab economy



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The price of gold in Egypt suddenly rose today, Thursday, after registering a noticeable drop as it was affected by the rise in the world price of gold, which jumped after statements by the governor of the Federal Reserve made today.

Over the past few days, the gold price has experienced a state of instability due to its impact on the global gold price, which is also experiencing instability due to fears of the third wave of the Coronavirus (Covid- 19), and expectations of new US taxes, which has an inverse relationship with the yellow metal.

The global gold price has risen sharply from a low of 1,726 to $ 1.744 an ounce, and the US dollar index has retreated somewhat from its high recorded during the day after the comments from Federal Reserve Chairman Jerome Powell on Thursday that any change in current Federal Reserve policy will come. Gradually and with great transparency “only after the economy has fully recovered, ensuring not to increase prices, asserting that price increases will only be taken into account” when the economy is almost fully recovered. “

In Egypt, the price of 21 karat gold was recorded at 772.58 pounds, while it was recorded at 12 p.m., 766.46 pounds, and it had registered 769.14 pounds. at the end of Wednesday’s session.

Economists expect the price of gold to fall again as the price of the dollar rises to its highest level in 4 months, encouraging investors to use it as a safe haven.

Al-Masry Al-Youm newspaper published a list of the price of gold in Egypt and world markets amid today’s negotiations, Thursday, March 25, 2021

1 – The price of 24 karat gold in Egypt is 882.95 pounds and $ 56.09 worldwide

2 – The price of 22 karat gold in Egypt is 809.37 pounds and 51.42 dollars in the world

3- The price of 21 karat gold in Egypt is 772.58 pounds and $ 49.08 in the world

4- The price of 18 karat gold in Egypt is 662.21 pounds and $ 42.07 in the world

5- The price of 14 karat gold in Egypt is 515.05 pounds and $ 32.72 in the world

6- The price of 12 karat gold in Egypt is 441.48 pounds and $ 28.05 in the world

7 – The price of 10 karat gold in Egypt is 367.90 pounds and $ 23.37 in the world

8- The price of a pound of gold (8 grams, 21 carats) in Egypt is 6,180.66 pounds and 392.66 dollars in the world.

9- The price of an ounce of 24 karat gold in Egypt is 27,462.85 pounds and $ 1,744.75 worldwide

10- The price of gold ingot (weight of 100 grams, 24 carats) in Egypt is 88,295.10 pounds, $ 5,609.49

11- The price of a kilo of 24 karat gold in Egypt is 882,951.03 pounds and $ 56,094.93 in the world.

The price of gold at the start of the market on Thursday morning, March 25, 2021

1- The price of 24 karat gold is 880.11 pounds, $ 55.72

2- The price of 22 karat gold is 806.77 pounds, $ 51.08

3- The price of 21 karat gold is 770.10 pounds, $ 48.75

4- The price of 18 karat gold is 660.08 pounds, 41.79 dollars

5- The price of 14 karat gold is 513.40 pounds, $ 32.50

6- The price of 12 karat gold is 440.06 pounds, $ 27.86

7- The price of 10 karat gold is 366.71 pounds, $ 23.22

8- The price of a pound of gold (8 grams, 21 carats) 6,160.79 pounds, $ 390.03

9- The price of an ounce of 24 karat gold is 27,374.56 pounds, $ 1,733.05

10- The price of the gold bar (weight of 100 grams, 24 carat carat) 88,011.27 pounds, $ 5,571.89

11- The price of a kilo of 24 karat gold is 880,112.67 pounds, $ 55,718.85

The price of gold in Egypt and internationally at the end of the market on Wednesday March 24, 2021

1- The price of 24 karat gold in Egypt is 879.02 pounds and $ 55.78 in the world

2- The price of 22 karat gold in Egypt is 805.75 pounds and $ 51.13 in the world

3 – The price of 21 karat gold in Egypt is 769.14 pounds, and 48.81 dollars in the world

4- The price of 18 karat gold in Egypt is 659.27 pounds and $ 41.83 in the world

5 – The price of 14 karat gold in Egypt is EGP 512.76 and worldwide is $ 32.54

6- The price of 12 karat gold in Egypt is 439.51 pounds and $ 27.89 in the world

7 – The price of 10 karat gold in Egypt is 366.26 pounds and $ 23.24 worldwide

8- The price of a pound of gold (weight 8 grams, 21 carats) in Egypt is 6,153.14 pounds and 390.45 dollars in the world.

9- The price of an ounce of 24 karat gold in Egypt is 27,340.60 pounds and $ 1,734.90 in the world

10- The price of gold bar (weight of 100 grams, 24 carats) in Egypt is 87,902.06 pounds, and in the world is $ 5,577.83

11- The price of a kilo of 24 karat gold in Egypt is 879,020.60 pounds and $ 55,778.25 worldwide.

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