Gold prices recorded at the beginning of today’s trading, price stability, compared to the end of trading today, Saturday, after prices witnessed a noticeable rise yesterday, Friday, amounting to about 17 pounds, and by observing the average gold price of 24, 21 and 18 pounds of gold in jewelry stores during the trading today, Sunday, October 11th of This year is as follows:
Gold prices today in Egypt
- 24 karat gold
The price of 24 karat gold ranges between 953 and 955 pounds. - 21 karat gold
The price of 21 carat gold ranged between 834 and 836 pounds. - 18 karat gold
The price of 18 carat gold ranged between 715 and 717 pounds. - The price of the gold pound
The price of one pound of gold was about 6 thousand and 688 pounds.
International gold prices
According to Reuters, gold prices rose yesterday to about 1%, due to the weak dollar to move towards a second consecutive weekly gain, with the increasing attractiveness of the yellow metal with the rise in inflation coverage due to renewed optimism about a new US aid package to mitigate the impact of the coronavirus.
Gold, a hedge against inflation and currency devaluation, has risen about 26% since the start of the year, supported by the unprecedented global stimulus to mitigate the economic effects of the Corona epidemic.
As for other precious metals, silver rose 1.5% to $ 24.17 an ounce, and it rose 2% for the week, platinum rose 1.5% to $ 875.33, and palladium rose 0.5% to $ 2383.16.
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