The price of gold in Egypt during the beginning of trading today, Wednesday, September 28, 2022, witnessed a slight decrease, following a temporary rise recorded in the middle of trading yesterday, Tuesday, as it recorded 21 carat with goldsmiths 1127 pounds, following recording 1128.
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Gold prices in Egypt during the beginning of trading today
24 carat record in Egypt 1282 pounds.
21 carat record in Egypt 1127 pounds.
Carat 18 recorded in Egypt regarding 966 pounds.
Record the gold pound in Egypt 9016 pounds.
Global gold prices
Gold rose today during the evening trading on the global stock exchange, following the decline that it witnessed during the past days, to record an ounce in the spot gold contracts, an increase of 0.50%, and the price of 1630.70 USD, and gold futures rose by 0.32%, and the price of 1638.65 USD.
Dr. Mohamed Shady, an economic researcher at the Egyptian Center for Thought and Strategic Studies, confirmed, in press statements, that Egypt imported gold for non-monetary purposes, whether for decoration or any other purposes during the period from 2000 to 2022, that is, in 22 years, with a total amount of 145 tons of gold, according to what Mention.
Dr. Mohamed Shady explained that this huge number that the Egyptians bought is greater than the central bank’s gold reserves and the largest number in its history.. Pointing out that the central bank has 125 tons of gold reserves at the present time.
He pointed out that the total money that Egyptians bought gold with from 2000 to 2022 amounted to 5 billion and 200 million dollars in 22 years.
Recent data of the Egyptian Statistics Authority revealed the remarkable development of Egypt’s imports of gold ore forms during 2021, as it made a big leap, and the total value of imports of non-monetary gold ore forms reached regarding 831 million and 307 thousand dollars, while it was 149 million and 547 thousand dollars in 2020. .
A report by the World Gold Council revealed that the demand for gold and jewelry in Egypt increased by 8% during the first quarter of 2022 compared to the same period last year, recording the highest quarterly level since the fourth quarter of 2015.
According to the report’s data published on the council’s website, the demand for gold and jewelry in Egypt during the first quarter of this year was 7.7 tons.
Globally, gold prices jumped by 1% today, Tuesday, with the dollar’s decline, although expectations that the Federal Reserve (the US central bank) will raise interest rates more kept the precious metal near its lowest level in two and a half years.
And the price of gold in spot transactions rose 1.1 percent to $ 1639.94 an ounce (an ounce) by 0726 GMT. On Monday, prices recorded their lowest level since April of 2020 at $ 1620.20 an ounce.
Gold prices in Saudi Arabia at the beginning of the day.
Gold prices in Saudi Arabia fell today, Tuesday, September 27, 2022, during the daily dealings in the money market, as the price of gold today came down by two riyals from the price of Monday, with the continued decline in the price of the yellow metal globally in light of the weak trading on gold on the global stock exchange, with the stability of the movement Buying and selling in the local markets in the Kingdom.
The price of a gram of 24 karat gold in Saudi Arabia: 196.76 riyals, equivalent to ($52.47).
The price of a gram of 22 karat gold in Saudi Arabia: 180.37 riyals, equivalent to ($ 48.10).
While the price of a gram of 21 karat gold in Saudi Arabia came: 172.17 riyals, equivalent to ($ 45.91).
The price of a gram of 18 karat gold in Saudi Arabia: 147.57 riyals, equivalent to ($ 39.35).
The price of a gram of 14 karat gold in Saudi Arabia was: 114.78 riyals, equivalent to ($ 30.61).
