Gold Prices in Egypt: Latest Updates and Trends on Gold Prices Fluctuations in Egypt

Gold prices in Egypt vary according to the price of the dollar, the ratio of supply and demand, and the desire of the citizens to buy No matter how different the prices are and change, whether it rises or falling, the question of prices will vary from citizens There is no change this year, and the yellow metal in Egypt suffers from a large and clear state of fluctuation between rise and fall, which greatly affects on its price in goldsmiths’ shops, because the price of gold in Egypt It is related to the changes that occur in gold prices around the world, as well as changes in the price of the dollar, and finally the ratio of supply and demand from citizens, which is the biggest factor that affects gold prices in Egypt.

Gold prices in Egypt

The prices of the yellow metal saw clear changes in the price at the beginning of trading after seeing a slight increase at the beginning of the day yesterday, as the gram rose by 21 grams, which is more in demand and widespread due to the ease was created. by citizens, and one gram rose at the rate of 30 pounds, but prices rose with midday transactions The evening saw stability and stability, and the General Department for Gold announced the value of changes in gold prices based on the last price it reached, and the prices came as follows:

• The price of 24 karat gold recorded 3577.1 pounds.
• The price of 21 carat gold recorded 3130 pounds.
• The price of 18 inch karat was 2682.9 pounds.
• The price of the pound of gold recorded 25,040 pounds.
• The price of an ounce of gold recorded 2326 dollars.

The reasons for the increase in the price of gold

Economists explained that the main reason behind the rise in gold prices was the intense demand from citizens, whether individuals or investors, to buy, which led to a shortage of supply and thus raised its value, and also raised. dollar price Gold is closely related to the changes taking place in the demand for purchases, knowing that the increased demand from investors to buy bullion has been instrumental in increasing prices With the drop in interest rates from banks, bullion becomes a better savings and many of the resorts to save their money.