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 carat, which is the most popular in Egypt, reached 1650 pounds in today’s trading.
Gold prices today:
18 karat recorded 1414 pounds.
21 caliber, record 1650 pounds.
24 karat, a record of 1886 pounds.
And the gold pound is 13,200 pounds.
prices gold During December 2022
Throughout the month of December 2022, we witnessed several movements in gold prices, as prices reached their peak this month before returning to decline again due to speculative factors in the gold market, and with the return of stability to the market, prices witnessed a noticeable decline, and we monitor the most prominent stations of the gold movement this month. A report revealed for “gold BullionThat the price of gold in the Egyptian market increased by 10.7% during the month of December 2022, as gold prices moved from levels of 1500 pounds for 21 karat at the beginning of this month to levels of 1660 pounds now in the markets.
The report added that the price of gold this month was subject to several changes and turmoil as a result of a number of factors, the most important of which was violent speculation on gold, especially in the second week of December, which brought prices to record and historical levels at 1850 pounds per gram, then the situation calmed down a bit with the cessation of speculation and a confinement in the parallel market. for the dollar.
The report indicated that the gold market witnessed during December 2022 a significant decrease in the demand for traditional gold artifacts with a noticeable increase in the demand for gold bars of different weights as well as gold pounds, as we witnessed throughout the month waiting lists for companies producing bullion and pounds with a great trend for consumers towards the purchase.
Report explained gold Bullionthat the supply and demand factors strongly controlled the movement of the precious metal in the Egyptian market throughout the month of December 2022, and things stabilized significantly in the last quarter of December, as we witnessed a return of prices to levels of 1550 pounds per gram of 21 karat, and with the increase in demand prices returned to rise again to levels 1660 pounds.
And about Gold prices in the global stock exchangeThe price of an ounce of gold witnessed an increase from levels of $1783 an ounce at the beginning of the month to $1823 an ounce, an increase of approximately 2.3%, after we witnessed several changes in prices throughout the month due to the interest rate hike 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 were reflected in gold prices, closed the month on a noticeable rise.