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The price of gold today, Monday 23 November 2020, the price of gold has fallen again at the end of today’s trading in Egypt, and the price of 21 karat gold has reached 799 pounds, down 13 pounds from the start of the day prices, and the price of 24 karat gold fell to 913 pounds, down 17 pounds.
Today, the price of 18 karat gold has fallen to 685 pounds and the gold pound has reached 6392 pounds.
Continuous monitoring of the gold price from the “Egypt 365” website, where we display a table with the latest gold prices in Egypt, and the changes that are happening in the gold prices, and all that. which is updated in the price of gold today, every moment, because the table includes a continuous update of the price of gold today, “18 karat, karat” 21, 24 karat, as well as the price of a pound of gold and the price of an ounce of gold.
“Misr 365” monitors gold prices during trading today and gold prices in previous days, as follows:
The price of gold today
Also read:
The average price of gold today on the financial markets in Egypt
| Unit | the | American dollar |
|---|---|---|
| 24 karat gold price | 925.30 lb | $ 59.16 |
| The price of gold is 22 carats | 848.20 lb | $ 54.23 |
| 21 karat gold price | 809.66 lb | $ 51.77 |
| 18 karat gold price | EGP693.99 | $ 44.37 |
| The price of gold is 14 carats | 539.76 lb | $ 34.51 |
| The price of gold is 12 carats | 462.65 lb | $ 29.58 |
| The price of gold is 9 carats | EGP346.99 | $ 22.19 |
| The price of an ounce of gold | 28,777 EGP | $ 1,840 |
| Guestbook prices | 6,477 lb | $ 414.16 |
| Price per kilo of gold | 925 301 EGP | $ 59,164 |
The average price of gold in recent days in Egypt on the money markets
| Today | Caliber 24 | Caliber 21 |
|---|---|---|
| 22 november | 938.72 | 821.40 |
| 21 November | 938.59 | 821.28 |
| November 20 | 940.04 | 822.55 |
| November 19 | 937.23 | 820.09 |
| November 18 | 939.52 | 822.10 |
| November 17 | 946.48 | 828.19 |
| November 16 | 949.73 | 831.03 |
| November 15 | 949.77 | 831.07 |
| 14 november | 950.44 | 831.65 |
| November 13 | 949.84 | 831.13 |
| 12 november | 943.69 | 825.75 |
| November 11th | 938.06 | 820.83 |
| November 10 | 943.38 | 825.48 |
| November 9 | 940.67 | 823.11 |
| November 8 | 983.04 | 860.18 |
| November 7 | 983.05 | 860.19 |
| November 6 | 985.11 | 861.99 |
| November 5 | 983.85 | 860.89 |
| November 4 | 962.95 | 842.60 |
| November 3 | 963.17 | 842.79 |
| November 2 | 959.10 | 839.23 |
| November, 1st | 948.79 | 830.21 |
| October 31 | 946.55 | 828.25 |
| October 30 | 948.89 | 830.30 |
| October 29 | 943.03 | 825.17 |
| October 28 | 947.66 | 829.23 |
| October 27 | 963.85 | 843.39 |
| October 26 | 960.52 | 840.48 |
| 25 october | 961.63 | 841.45 |
| 24 october | 960.83 | 840.75 |
Gold constitutes a large part of Egypt’s jewelry and gemstone exports, which exceed $ 1 billion annually.
Factors affecting the price of gold today in Egypt
Gold is considered to be one of the most important factors shaping the world economy. Therefore, economists have attached great importance to gold and its fluctuations, especially since it directly affects the world economy.
Among the most important factors affecting world gold prices:
World oil prices : There can sometimes be a deterioration in the world price of oil, indicating a state of weightlessness in the market, so that investors quickly resort to gold as a safe haven, which increases its prices in the world market .
Spare gold The existence in international banks has a slight effect on the price of gold in general. Any sale or purchase of part of this reserve is guaranteed to cause international gold prices to evolve, particularly in the major industrialized countries.
Principal interest rate: This is approved by the central bank either by increasing its value or reducing it depending on the economic situation of the country. In the event of an economic recession, the state conducts an expansionary monetary policy, increasing the quantity of money and lowering the interest rate, which leads to an increase in the price of gold. As for inflation, the State follows monetary policy with a deflationary tendency, because it increases the interest rate, which indirectly leads to a fall in the price of gold.
Any global economic crisis has a direct impact on the price of gold, as it is a safe haven that investors quickly turn to when they see signs of a near-global crisis.
The amount of annual gold production And mining naturally has an effect on its market price.
price in dollars American : There is a close correlation between the price of the dollar and the price of gold bars, so the relationship between them is purely the opposite.
The amount of gold demand In the markets of India and China: because they have the largest reserves of gold, knowing that this factor is the least influencing the world price of gold.
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