Media reports revealed this morning that there was a significant decline in gold prices during Sunday, November 19, 2023 trading, confirming that this matter is affected by the decline that hit the prices of gold ounces on global stock exchanges by about 1.2% due to the rise in the US dollar index against foreign currencies amid an escalation. Expectations that the US Federal Council will raise interest rates on the green currency again in the coming period.
Gold prices today in Egypt
The “i Sagha” website for gold and jewelry trading in the Egyptian market said that gold prices today have declined by about 30 pounds compared to what they were during the past week, confirming that the price of a gram of 21 karat had started the week at a level that reached about 1720 pounds, while it reached Its price today is about 1690 pounds.
The gold prices today, Sunday, February 19, 2023, came as follows:
- The price of a gram of 24 karat today reached about 1932 pounds.
- The price of a gram of 21 karat today has recorded about 1690 pounds.
- Today, a gram of 18 karat gold recorded about 1449 pounds.
- The price of a gram of 14 carat during today’s dealings reached 1127 pounds.
- The price of the gold pound has recorded about 13520 Egyptian pounds.
“Saeed Imbaby,” the executive director of the iSagha platform, explained that this decline in gold prices during this week is due to the drop in the price of an ounce of gold by more than 23 US dollars, as it was at the beginning of trading, it recorded about 1866 US dollars, but at the end of transactions it recorded about 1843. dollars, confirming that there is a decline in the demand for buying the yellow metal during these days in the local market.
