05:27 PM Saturday 24 February 2024
Cairo – Masrawy:
The price of gold stabilized today, Saturday, in Egypt by evening trading, after a gram decreased by about 285 pounds until midday trading compared to its level yesterday evening.
This decline came due to the repercussions of the sharp decline in the price of the dollar in the parallel market after announcing the details of the deal to develop the city of Ras Al-Hikma, and the approaching injection of about 35 billion dollars into the Egyptian market.
The price of a gram of gold lost 165 pounds of its value yesterday evening after the announcement of the deal for the Ras al-Hikma project on the northern coast in partnership between Egypt and the Emirates, and the price of the dollar declined in the parallel market, bringing the total decline since the announcement of the deal to 450 pounds per gram.
The price of the dollar in the parallel market in Egypt fell to near 50 pounds during today’s trading after Prime Minister Mostafa Madbouly announced, in a press conference yesterday, the entry of $35 billion into Egypt within two months from investments in the Ras El Hekma project (including $15 billion within a week). .
Gold prices today
14-karat gold prices stabilized at 2,000 pounds per gram.
The price of 18 karat gold was about 2571 pounds per gram.
The price of 21 carat gold reached 3,000 pounds per gram.
The price of 24 carat gold reached about 3429 pounds per gram.
The price of the gold pound
The price of the gold pound stabilized to about 24 thousand pounds, and the price may vary from one merchant to another, and this price is equal to the value of gold in the pound.
Gold price globally
Today and tomorrow are a weekend in global markets, including trading in commodities and metals.
The global price of gold rose to about $2,035 per ounce (an ounce is equivalent to about 31.1 grams of 24 karat), at the end of trading yesterday, Friday, with an increase of $11.01, or 0.54%, compared to its level at the end of Thursday’s trading, according to Bloomberg data.
You can follow gold prices today and around the clock via this service from Masrawy: Gold prices
Read also:
A sharp decline in the price of the dollar on the black market amid speculators’ panic due to “Ras Al-Hikma”
“Ras Al-Hikma” bubble bursts… The price of gold has lost 450 pounds since the deal was announced
Bloomberg: The “Ras El Hekma” deal is an achievement in efforts to end the worst exchange crisis in decades
Morgan Stanley expects the dollar to rise to this level and the fund’s loan to be completed before Ramadan
It fell to $20 billion after “Ras Al-Hikma”.. Details of Arab deposits at the Central Bank
2024-02-24 15:27:00
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