Gold prices in Egypt witnessed a rise from 1290 pounds per gram from 21 karat to 1450 pounds, an increase of 160 pounds in just one week, since last Saturday until now, so what happened in the markets, Mohsen Fawzy, a member of the Board of Directors of the Precious Metals Division, this significant rise in prices to the occurrence of demand It is very high on gold in Egypt throughout this week.
He added, in exclusive statements, that the global price of gold is declining and the Egyptian market is witnessing great leaps with the decline in supply and the rise in demand, and the continued increase in demand may lead to a further rise in gold prices in the Egyptian market.
Gold prices were recorded last Saturday, November 19, 2022, for 18 karat, a record of 1106 pounds, 21 karat, a record of 1290 pounds, 24 karat, a record of 1474 pounds, and a gold pound of 10,320 pounds.
Gold prices today, Saturday, November 26, 2022, following recording a significant increase, to record a gram of 21 karat gold, the level of 1450 pounds per gram for the first time in the history of pricing the precious metal in Egypt, despite the global decline in the price of an ounce of gold.
Gold prices today:
18 karat recorded 1217 pounds.
21 karat, record 1450 pounds.
24 karat, a record of 1624 pounds.
The gold pound is 1360 pounds.
rose gold prices Slightly yesterday, Friday, November 25, 2022, on its way to achieving a weekly gain, as it received support from the decline in the dollar due to indications that the US Federal Reserve may soon slow down the pace of raising interest rates.
The minutes of the November 1-2 meeting on Wednesday showed that a “significant majority” of US Fed policymakers agreed that it “would soon be appropriate” to slow the pace of interest rate hikes and put the dollar on a weekly downward path, making gold cheaper. to overseas buyers.
The Fed announced its fourth consecutive 75 basis point rate hike earlier this month, and analysts widely expect it to raise interest rates by 50 basis points at its December 2022 meeting.
