Proof of the price gold Today in Egypt, Tuesday, November 19, 2024, stability at the beginning of trading, after a new high recorded at the end of trading yesterday, as the 21 carat, the most widely traded carat in Egypt, achieved an increase of about 70 pounds.
Gold price now
24 carat gold price
The price of 24 karat gold reached today, Tuesday, November 19, 2024, around 4137 pounds.
Price per gram of 21 carat gold
The price of 21 karat gold opened trading today, Tuesday, November 19, 2024, at 3,620 pounds.
Officially now, after a new increase .. 21 karat gold price, Tuesday 11/19/2024, according to goldsmiths
18 karat gold price
The price of 18 karat gold settled on Tuesday, November 19, 2024, at around 3,102 pounds.
Price per pound of gold
The price of the pound of gold recorded on Tuesday, November 19, 2024, was approximately 28,960 pounds.
The price of an ounce of gold worldwide
Globally, the price of gold on Tuesday, November 19, 2024, recorded around $2,610.
Officially now, after a new increase .. 21 karat gold price, Tuesday 11/19/2024, according to goldsmiths
Price of gold
The price of gold rose in early trading on Monday, after the heavy losses it saw last week, but expectations of smaller cuts in the US interest rate limited this recovery.
Global gold prices rise
Gold rose in immediate trading to $2,610.82 an ounce, after hitting a two-month low last week, and gold recorded its biggest weekly decline in more than three years on Friday in went.
As for other precious metals, spot silver rose 0.6% to $30.39 an ounce. Platinum rose 0.6% to $944.57, while palladium increased 1.7% to $966.66.
The dollar is expected to extend its gains, making gold more expensive for holders of other currencies, according to Reuters.
Officially now, after a new increase .. 21 karat gold price, Tuesday 11/19/2024, according to goldsmiths
Gold prices now
Strong US economic data on inflation continues to reshape the debate among Federal Reserve policymakers over the pace and extent of interest rate cuts as investors reduce their expectations for a rate cut at scheduled central bank meeting in December.
Officially now, after a new increase .. 21 karat gold price, Tuesday 11/19/2024, according to goldsmiths
At least seven Fed officials are expected to speak this week. Traders are waiting for more signs of interest rate cuts, and high interest rates are raising the opportunity cost of non-yielding gold, while data last Friday showed that US retail sales rose slightly more than expected in October, indicating that the economy is starting. to… Strong in the last quarter.
2024-11-18 21:22:00
#Officially #increase #karat #gold #price #Tuesday #goldsmiths
How do global economic trends and local market factors influence the demand for gold in Egypt?
Guest 1: Good evening! We are here today to discuss the latest trends on the price of gold in Egypt. Can you tell us about the current price stability of 24 carat gold, 21 carat gold, and 18 carat gold in Egypt right now?
Guest 2: Greetings! Yes, the price of 24 carat gold currently stands at around 4137 EGP, while 21 carat gold has increased slightly to 3,620 EGP. Meanwhile, 18 carat gold is priced at approximately 3,102 EGP. These prices are subject to fluctuation based on market demand and global trends.
Guest 1: That’s interesting. Have you noticed any significant changes in the demand for gold recently? Has this affected the price stability?
Guest 2: Yes, there has been a slight increase in demand for gold lately as people look for safe-haven investments amidst global economic uncertainty. This has helped to stabilize the price, as seen in the absence of volatility in the market. However, any major shifts in demand could cause prices to rise or fall rapidly.
Guest 1: What about the global trends? How does Egypt’s gold market compare to other countries?
Guest 2: Egypt’s gold market is closely tied to international markets, with prices being influenced by global trends. For example, today we saw gold prices rise globally due to lower US interest rates and weaker US dollar. However, Egypt’s gold prices are also affected by local factors such as import duties and currency exchange rates.
Guest 1: That’s an important point. Can you explain how these factors impact the gold market in Egypt?
Guest 2: Sure. Import duties on gold in Egypt are quite high, which tends to drive up prices locally. Additionally, the fluctuating value of the Egyptian pound against other currencies can also impact the cost of importing gold into the country. This creates a complex environment where local factors and global trends must be carefully considered when determining gold prices.
Guest 1: Moving on to another topic, we have seen some changes in global interest rates recently. How does this affect the demand for gold?
Guest 2:
