Today, Wednesday, gold prices in Egypt witnessed several increases of regarding 27 pounds over several times, and the 21 carat gold gram, which is the best seller in Egypt, scored 1115 pounds without adding workmanship, compared to 1088 pounds in the morning, with the high demand for gold and the decline in supply.
gold price now
The price of 21 caliber is now 1115 pounds
The price of 24 karat is now 1274.2 pounds
The price of 18 caliber is now 955.7 pounds
The price of 14 caliber is now 745.4 pounds
The gold pound is 8920 pounds
Global gold prices
This week, the global gold market is awaiting a number of important events that might affect the trading of the precious metal, as economic events and reports contribute to changing investors’ attitudes towards safe havens.
Today, Wednesday, August 31, 2022, gold traders are waiting for the announcement of industrial production in Japan, the industrial purchasing manager index in China, the German unemployment rate, the consumer price index in the Eurozone and the crude oil stocks in America.
Thursday, September 1, 2022, is considered a watershed day in the course of gold trading this week, as the market rises with the announcement of the Japanese PMI, the Chinese PMI, the UK house price index, German retail sales, the Turkish industrial sector PMI, the unemployment rate in the euro area and requests for benefits US unemployment and manufacturing PMI in America.
And the gold market concludes this week’s trading by waiting for data on the German trade balance, the producer price index in the euro area, unemployment rates in the United States of America, and factory orders in America
The Gold Division reveals the reasons for the high prices of the yellow metal
The General Division of Gold, Jewelery and Jewelery of the General Federation of Chambers of Commerce announced that the volume of demand in the local market increased by a large difference from the volume of supply, which raised prices by 10 pounds a while ago, following a morning rise of regarding 17 pounds, bringing the total rise of gold to 27 pounds.
The division said in a statement that there are challenges to meet the gap between supply and demand, with the decline in imports, which makes the price in Egypt move upward despite the decline in global hair.
