The price of gold today is Sunday 14th of June 2020, we publish you the Gold rate through continuous follow-up on the clock on the website “Egypt 365”, with an updated table of the latest gold prices in the Egyptian market shot its different, and what happens to the price of gold and changes in gold prices, and every Mason in the Gold Market, moment by moment, where the table is updated continuously to track the gold “18K, calibre 21, caliber 24”, as well as the price of the gold pound, the price of an ounce of gold.
Linked to the price of gold today in Egypt a lot of factors including supply and demand factors and the price of troy ounce of gold globally and the changes that occur in the price of the US dollar, which is the most important factor that is taken into account daily when you determine the price, but with the decline in the price of the dollar recently in Egypt caused it to slow down the wave of gold price rally despite rising world gold prices.
The price of gold today
| The price of gold in the shops of the Goldsmiths in Egypt | |
|---|---|
| Category | Price |
| 24 carat | 886 to 888 |
| Caliber 22 | 812 to 814 |
| Caliber 21 | 775 to 777 |
| 18k | 664 to 666 |
| 14k | 517 to 518 |
| 12 gauge | 443 to 444 |
| An ounce | 27,546 to 27,617 |
| Fairy Gold | 6,200 to 6,216 |
| Kilo | 885,714 to 888,000 |
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The average gold price in today’s financial markets in Egypt
| Unit | Gold price today in pounds | The price of gold today in dollars |
|---|---|---|
| Gold Rate 24 carat | 885.59 pounds | $54.64 |
| The price of gold caliber 22 | 811.80 £ | $50.09 |
| Price of gold caliber 21 | 774.91 pounds | $47.81 |
| Gold price 18k | 664.20 £ | $40.98 |
| The price of gold 14k | 516.60 £ | $31.88 |
| The price of gold 12 gauge | 442.80 £ | $27.32 |
| The price of gold 9 carat | 332.10 £ | $20.49 |
| Price of an ounce of gold | 27,542 pounds | $1,699 |
| Price of Fairy Gold | 6,199 £ | $382.51 |
| Gold | 885,590 pounds | $54,643 |
The average gold price in the last few days in Egypt financial markets
| Today | 24 carat | Caliber 21 |
|---|---|---|
| June 9 | 893.01 | 781.40 |
| June 8 | 885.59 | 774.91 |
| June 7 | 879.18 | 769.30 |
| June 6 | 879.34 | 769.44 |
| June 5 | 879.75 | 769.80 |
| June 4 | 894.52 | 782.72 |
| June 3 | 878.92 | 769.07 |
| June 2 | 889.20 | 778.07 |
| June 1 | 891.00 | 779.65 |
| May 31, | 879.24 | 769.35 |
| May 30 | 880.51 | 770.47 |
| May 29 | 880.99 | 770.89 |
| May 28 | 876.40 | 766.87 |
| May 27 | 871.38 | 762.48 |
| May 26 | 873.11 | 763.99 |
| May 25 | 881.58 | 771.40 |
| May 24 | 884.32 | 773.79 |
| May 23 | 883.91 | 773.44 |
| May 22 | 885.33 | 774.68 |
| May 21 | 881.80 | 771.60 |
| May 20 | 889.74 | 778.54 |
| May 19 | 886.43 | 775.65 |
| May 18 | 880.13 | 770.14 |
| May 17 | 882.72 | 772.40 |
| May 16 | 881.77 | 771.57 |
| May 15 | 881.88 | 771.67 |
| May 14 | 876.68 | 767.12 |
| May 13 | 869.29 | 760.65 |
| May 12 | 862.22 | 754.46 |
| May 11 | 860.00 | 752.52 |
Saw the gold price a state of instability since the outbreak of the trade war between the United States and China, where the war between the two largest economies in the world by the imposition of many tariffs on imports of Chinese state, which was doing its part to respond to the decisions of America, during the time the current going steps towards negotiations between the two states in the middle of the soil between the investors who betook themselves most of the time to gold as a safe haven investment.
Includes Gold a large part of Egypt’s exports of jewelries and gems, which exceed one billion dollars annually, and the export of raw gold ingots and craft items finished, because of the seal of the stamp which are not accepted outside the country.
The factors influencing price of gold
Thought the price of gold the most important factors that are shaping the global economy, and here the economists of the gold price variability of major importance, particularly as it affects the economic development of the Global Impact Initiative.
One of the most important factors affecting international gold prices :
Key interest rate : Approved by the central bank can either raise the value or lower it according to the state of the economy of the country, in the case of economic recession, the state pursues expansionary monetary policy, by increasing the quantity of money, interest rate reduction, which leads to increasing the price of gold .. in the case of inflation, the state pursues the monetary policy with the tendencies of a deflationary, where the increase of the interest rate, which indirectly leads to a decline in the price of gold .
Any economic crisis world have a direct impact on the price of gold, it serves as a safe haven to turn to investors quickly when feeling any signs of crisis of a global close .
The price of the U.S. dollar : There is a close between the dollar and the price of gold bullion, the relationship between them is an inverse relationship purely .
Spare gold Located on the banks of the world has a slight effect on the price of gold generally, any sale or purchase of a part of this provisions would move the international gold prices especially in the major industrial countries .
World oil prices May occur in some cases decline in the price of oil, which refers to the case of the lack of weight in prison, using investors to gold as a safe haven, pushing up prices in the world market .
The amount of the annual production of gold Western world of the natural to have an effect on its price in the market .
The amount of the demand for gold In the markets of India and China : by virtue that they possessed the largest reserves of gold, knowing that this factor is least influential on the price of gold World .
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