Gold prices in Egypt rise 1.5% within a week… and a gram of 21 carat earns 57 pounds – Youm7

It continues Gold price in Egypt In fluctuations during today’s trade after being able to achieve an increase in the past week with the support of the gains recorded by the global gold price and its achievement of a new historical level, with that global price movements continue to control local price movements.

The most common 21 karat gold opened trading today, Saturday, at a rate of 3745 pounds per gram, and at the time of writing the technical report for Gold Billion, it was trading at the same level that had risen by 12 pounds yesterday, because it decided to trade at the level of 3742 pounds per gram, and had opened the session at the level of 3730. Pounds per gram.

Over the past week it has risen Price of gold 21 carat rose by 1.5%, recording an increase of 57 pounds, as the week’s trade opened at 3685 pounds per gram, and closed the week at 3742 pounds per gram.

The main factor behind the increase in prices gold Domestic remains the global price per ounce of gold, which continues to rise and record historic levels. At a time when other price factors in the local market are neutral in their impact on the markets

The movement of the local gold price follows the same changes in the global gold price, up and down, which would continue for some time due to the lack of influence of other price factors in the local market, such as the exchange rate of the dollar. , which moves gradually and steadily without sudden jumps.

On the other hand, the Prime Minister of Egypt pointed out that the movement of the foreign exchange rate is regular and there are no delays or delays in payments related to production requirements and raw materials, and that the state regularly pays interest and debt allowance, and that there are unlikely to be rumors about the possibility of a new float in the exchange rate.