Gold prices today in the Egyptian market witnessed a very slight increase, with the value of only one pound, following a significant decline in prices in global stock exchanges, at the close of trading yesterday. Gold price developments at the time of writing these lines, whether in global stock exchanges or the local market.
Gold price per gram today:
Caliber 18: 749 pounds.
Caliber 21: 874 pounds.
Caliber 24: 999 pounds.
The gold pound: 6994 pounds.
Gold prices rose to an unprecedented record level today at 2070, with the strengthening of demand for the metal as a safe haven due to concerns regarding the economic repercussions of the growing injuries of Covid-19, which is the highest level of the yellow metal, as the ounce broke the resistance barrier in the past days.
The Ukrainian-Russian war casts a shadow over the global markets, where the movement of stocks, currencies and oil continued to record high levels, and during the spot transactions this morning, the global market witnessed the continued demand for the yellow metal as a safe haven, but to a lesser extent than in the past days.