Gold prices stabilized in Egypt today, Sunday 20-20-2020, according to the latest updates in the goldsmith’s shops. With the beginning of the week’s transactions, the 21-day caliber, which is the most traded and sold in the local market, was 742 pounds per gram, which is the same price yesterday with several spikes of decline and increase that he witnessed at the end of transactions Last week, we notice the instability of the yellow metal prices, ranging from going up one time and going down again during the same day due to the tension of the local and global economy due to facing the global epidemic that dominated the world.
The stability of gold prices in Egypt today and 24 carat records 848 pounds per gram
The prices of the yellow metal in Egypt are affected by the price movements witnessed by international prices and due to many reasons, including at this time that businesses closed throughout the country and laid off tens of millions of workers, and the American economy drowned in a state of paralysis in only a few weeks, and the wheel of production and import declined And export and stop tourism and the decline in the world oil price, all of this leads to instability in international prices that affect the price of gold locally.
Gold prices stabilized in Egypt today, Sunday, with the beginning of the week’s transactions and the return of the shops to open after being closed in the ban period for two consecutive days on Friday and Saturday. A crisis, which caused gold to decline, but economists expect prices to rise and reach a historical price again.
The gold prices in Egypt today, Sunday, in the goldsmiths’ shops
Due to the remarkable stability witnessed in the prices of the precious metal globally, the local gold prices stabilized today, as it rose by $ 28 yesterday, hitting the price of an ounce of gold today, according to the latest update on the International Metal Exchange 1704 dollars, and this led to its stability locally.
We display the average gold prices in Egypt today according to the latest updates and midday transactions without workmanship, as they may differ from one goldsmith to another, with the possibility of changing these prices at the end of the day’s transactions due to the instability of the precious metal, ranging between ups and downs within hours.
|Unit||The price of gold in Egyptian pounds|
|24 caliber||846 to 848|
|22 caliber||775 to 777|
|21 caliber||740 to 742|
|18-gauge||634 to 636|
|Caliber 14||493 to 495|
|12-gauge||423 to 424|
|The ounce||26,302 to 26,373|
|Pound of gold||5,920 to 5,936|
|Kilo||845,714 to 848,000|
|Gold prices may vary from one goldsmith to another|