“Gold prices” are rising in Egypt amid the decline of the dollar

2023-06-26 15:29:23

Expand gold 24 karat from the gains today, Monday, in Egypt’s goldsmiths, to record the sale of 2570 pounds per gram, while the purchase price is 2542 pounds.

This is according to the indicative index of gold prices announced on the official website of the Egyptian Stock Exchange.

Gold prices today

The price of 21 carat gold in Egypt’s goldsmiths rose today, to record regarding 2255 pounds at the present time.

The price of 18 karat gold increased by regarding 10 pounds, to reach 1935 pounds per gram.

While the price of a gold pound, weighing 8 grams, was regarding 18 thousand pounds, without manufacturing costs, which ranged between 300 and 400 pounds.

In addition, the price of gold is trading outside the country at $ 1924 an ounce, an increase of $ 3 from the opening price.

And gold prices rose today, Monday, from their lowest levels in 3 months, as the dollar declined, crude oil rose, and the Russian ruble fell to its lowest levels since the Kremlin began its invasion of Ukraine in early 2022 following the “rebellion” of Wagner’s mercenary army over the weekend.

Dollar – gold

Gold and the dollar

The US dollar gold price rose 0.6% to $1,932 an ounce, following falling 1.9% last week to the lowest level since mid-March as the Federal Reserve pledged to continue raising interest rates even though the bond market indicated a recession ahead.

While the dollar index fell today, losing 0.20%, which lowered the US dollar once morest six currencies, thereby reducing the costs of acquiring gold by means of the euro, yen, franc and pound sterling.

Meanwhile, the Russian ruble hit its lowest level in nearly 15 months once morest the dollar, weakening nearly 3% on Monday before paring some losses.

Also read..

The gold price in Saudi Arabia today, “Monday,” June 26, 2023 … 21 carat, at 203.71 riyals

The gold price in the UAE today, “Monday”, June 26, 2023 … 24 karat, at 227.96 dirhams

The gold price in Kuwait today, “Monday,” June 26, 2023. 18 karat, at 14.3 dinars

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