We publish gold prices In Egypt today, Saturday December 31, 2022, in the markets, after several changes in the price of the precious metal during the past week, the price of 21 carats, which is the most popular in Egypt, reached 1650 pounds in today’s trading.
Gold prices today:
18 karat registered 1414 pounds.
21, record 1650 lbs.
24 carats, a record 1886 pounds.
And the gold pound is £13,200.
prices gold In December 2022
Throughout the month of December 2022, we have seen several movements in gold prices, as prices reached their peak this month before falling again due to speculative factors in the gold market, and with the return to market stability, prices have seen a notable decline and we are monitoring the most important stations of the movement of gold this month. for “Gold ingotThat the price of gold in the Egyptian market increased by 10.7% during the month of December 2022 as gold prices jumped from £1500 per 21 carat levels earlier this month to £1660 levels now in the markets.
The report added that the price of gold has been subject to various changes and turmoil this month due to a number of factors, the most important of which was the violent speculation in gold, especially in the second week of December, which it brought prices to record and historic levels of 1850 pounds per gram, then the situation calmed down somewhat with the cessation of speculation and a confinement in the parallel dollar market.
The report indicated that the gold market witnessed a significant decrease in demand for traditional gold artifacts in December 2022 with a notable increase in demand for gold bars of different weights and pounds of gold as we witnessed throughout the month waiting lists for companies producing bars and pounds with a large consumer trend towards buying.
Report explained Gold ingotthat supply and demand factors strongly controlled the movement of the precious metal in the Egyptian market throughout the month of December 2022, and things significantly stabilized in the last quarter of December when we saw prices return to of 1550 pounds per gram of 21 carats, and with the increase in demand prices have returned to levels of 1660 pounds again.
And speaking of Gold prices on the global stock exchangeThe price of an ounce of gold has seen an increase from $1783 per ounce levels earlier in the month to $1823 per ounce, an increase of about 2.3%, after we saw several changes in prices during the month due to the increase in interest rates in the United States of America to levels of 4.5%, as well as reports of American unemployment, the latter and the dollar index, which was reflected on gold prices, closed the month with a significant rise.
