The price of gold in Egypt rose by 7 pounds during Thursday’s trading, as the price of “21” carat amounted to about 1060 pounds, while “24” carats scored about 1211 pounds, and “18” carats scored about 909 pounds.
While the prices of “14” carat gold amounted to about 707 pounds, the value of the gold pound reached 8480 pounds, and an ounce recorded 1854 dollars on international stock exchanges.
Gold prices after workmanship
To the official gold prices, on average, between 60 and 100 pounds is added to the value of workmanship and stamping, obtained by traders or the owner of the goldsmiths’ shop. 969 pounds, and the price of “14” caliber reached 767 pounds.
3 rules that control gold prices
The price of gold is controlled by three rules: the factor of supply and demand, the price of an ounce of gold globally, and changes in the price of the US currency.
And the rules that control the price of gold are followed up on a daily basis when setting prices. The more demand for gold and the lower the supply of it, the higher the price.
Gold is an investment alternative
Gold is considered an investment alternative in times of political and financial uncertainty, and on the trade front, investors are awaiting further developments regarding the phase one agreement between the two largest economies in the world.
For those who are about to get married… All you need to know about 14 karat gold
dollar price today
Today, Thursday, the price of the dollar, in the official transactions of banks, at the National Bank of Egypt, recorded 18.55 pounds for purchase and 18.63 pounds for sale.
The price of the dollar today, at Banque Misr, reached 18.55 pounds for purchase, and the selling price reached 18.61 pounds, and at the Commercial International Bank, it recorded 18.57 pounds for purchase, 18.63 pounds for sale.
While the dollar in Abu Dhabi Islamic Bank recorded a price of 18.58 pounds for purchase, while the selling price reached 18.63 pounds, and the Arab African Bank recorded a price of 18.52 pounds for purchase, and 18.62 pounds for sale.
As for the Bank of Alexandria, the dollar recorded today, the purchase price of 18.56 pounds, while the selling price reached 18.63 pounds.
Find out the price of the dollar today, Thursday, 26-5-2022 in Egypt