We publish the closing price of the gold market in trading today, Wednesday, following significant declines of regarding 24 pounds over the course of trading since this morning, once morest the background of the drop in gold globally by regarding 50 dollars.
Gold price in Egypt today:
Caliber 18: 748 pounds.
Caliber 21: 873 pounds.
Caliber 24: 997 pounds.
The gold pound: 6984 pounds.
Analysts said that gold, which is a safe haven for value during global crises, may rise to its highest levels ever if conditions in Ukraine worsen amid existing concerns regarding inflationary risks.
The price of palladium rose 1.5 percent to $3,226.46 an ounce, up 38 percent since the start of the Russian invasion of Ukraine on February 24. Russia is a major producer of palladium used in the automobile industry.
Spot silver prices rose 0.7% to $26.58 an ounce, following approaching a nine-month high on Tuesday. Platinum rose 1.5 percent to $1,170.76 an ounce.
