Home » gold price in egypt » Page 2
Tag:

gold price in egypt

Economy

Gold prices in Egypt on Monday, 21 karat reached 2,880 pounds

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-12-18 07:47:00

Written by Islam Saeed Monday, December 18, 2023 09:47 AM Shahada Gold prices in Egypt today, Monday December 18, 2023 Noticeable stability following the movements of gold prices last week. In the following context, we monitor the development of gold prices for all calibres present in the gold market.

Gold prices now for all calibres:

24 karat records 3291 pounds.

21 carat costs 2880 pounds.

18 carat costs 2469 pounds.

14 karat weighs 1893 pounds.

The gold pound is 23,040 pounds.

In the same context, Sameh Abdel Hakim, a member of the Gold Division in the Chamber of Commerce, revealed that the demand for gold in Egypt has increased significantly for gold bullion and pounds, with prices moving significantly in the past days to levels of 2880 pounds per gram of 21 carat, which is the best-selling product in Egypt.

Abdel Hakim pointed out in statements to Youm 7 TV that consumers tend to buy when prices rise, and currently the demand for jewelry has declined slightly in favor of gold bullion, coins, and pounds.

1702888137
#Gold #prices #Egypt #Monday #karat #reached #pounds

0 comments
0 FacebookTwitterPinterestEmail
Economy

Global gold price forecasts 2024.. Gold Council report outlines the features of the market

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-12-13 00:00:00

Written by Islam Saeed Wednesday, December 13, 2023 02:00 AM

The World Gold Council published a report on the performance of gold for the year 2024. The report indicated that gold may move within a range, but it will witness clear fluctuations due to the overlapping factors affecting it during the coming year, whether the performance of the American economy and the policy of the Federal Reserve, or geopolitical developments and demand by global central banks.

Expectations indicate that the US economy may witness a “soft landing” in 2024, as the Federal Reserve can reduce inflation to its target without the US economy falling into an economic recession affected by high interest rates.

The soft decline of the economy does not provide strong support for gold since demand for the precious metal increases in times of economic recession and crises. Also, until now, the Federal Reserve’s policy has not been clearly stated regarding reducing interest rates, which keeps gold expectations facing a continuing obstacle, which is the continuation of high interest rates for a longer period than the time.

Despite this, the World Gold Council believes that support will come to gold from geopolitical developments, since the two most important factors affecting gold prices in 2023 were the collapse of Silicon Valley Bank in the United States and the Hamas movement’s attack on the Zionist entity, so geopolitical events caused a rise in the price of gold between 3% and 6% throughout the year.

The year 2024 will witness major elections globally, including in the United States, the European Union, India, and Taiwan, and investors’ need to hedge gold more than usual in their portfolios is likely to increase during these periods.

Also, central bank gold purchases are expected to be an important factor in supporting gold during the coming year, as central bank purchases were a major source of demand for gold in 2023, which is expected to be a record year in gold purchases and this will continue in 2024 as well.

The World Gold Council believes that demand by central banks helped gold rise by 10% or more during the year 2023, and even if 2024 does not witness record purchases, the continuation of purchases in itself at a high pace will work to support gold.

1702426656
#Global #gold #price #forecasts #Gold #Council #report #outlines #features #market

0 comments
0 FacebookTwitterPinterestEmail
Economy

Gold prices today, Wednesday, November 29, 2023 in Egypt

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-11-29 07:00:00

Written by Islam Saeed Wednesday, November 29, 2023 09:00 AM We publish the latest update in gold prices In Egypt today, Wednesday, the beginning of the day’s trading and a record Gram of 21 carat gold It is the best seller in Egypt at 2810 pounds per gram, amid the rise in the international price of gold at $2015 per ounce.

Gold prices today:

24 karat records 3211 pounds.

21 caliber records 2810 pounds.

18 karat records 2409 pounds.

14 karat weighs 1873 pounds.

The gold pound is 22,480 pounds.

Minister of Supply: Egypt is among the 30 largest exporters of gold in the world

He said Dr. Ali Al-MosehlyMinister of Supply and Internal Trade, N Gold industry in Egypt It is one of the most important industries that has witnessed great development in the past years, noting that this industry must receive full legislative and regulatory support to push this industry forward so that this industry can regain its position once more, and in 2024 we seek for Egypt to become among the top 30 exporters of crafts in the world. the world.

He added during his speech at a ceremony honoring the participants in: Nabiu Gold Exhibition And jewelry in its third edition, dozens of gold and jewelry companies and workshops in Egypt offer high-quality products, and there has been development in the exhibits during all previous editions of the exhibition.

He pointed out that the current edition witnesses the quality of international and Western tastes, Egyptian tastes, and Pharaonic tastes, and there is one common factor between the exhibitors, which is accuracy and high quality, which confirms the continued development of this industry.

1701247312
#Gold #prices #today #Wednesday #November #Egypt

0 comments
0 FacebookTwitterPinterestEmail
Economy

Gold prices today in Egypt, November 27, 2023

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-11-27 11:33:00

We publish gold prices in Egypt today, Monday, at the beginning of the week’s trading, and a gram of 21 carat gold, which is the best-selling gold in Egypt, recorded 2810 pounds per gram, amid the rise in the international price of gold at $2015 per ounce.

Gold prices today:

24 karat records 3211 pounds.

21 caliber records 2810 pounds.

18 karat carat costs 2409 pounds.

14 karat weighs 1873 pounds.

The gold pound is 22,480 pounds.

Price of an ounce of gold

Gold prices jumped to their highest levels in 6 months at the beginning of the week’s trading, in light of the continued weakness of the US dollar, and increasing expectations that the Federal Reserve has finished raising interest rates, especially with weak data continuing to be issued on the US economy.

Spot gold prices rose during Monday’s session by 0.6% to record the highest level in 6 months at $2018 per ounce. At the time of writing the Gold Billion technical report, it was trading at $2014 per ounce. Today’s session had opened at $2002 per ounce.

Gold recorded an increase during the past two weeks and tried more than once to rise above the level of $2000 per ounce and stabilize above it, but it failed in doing so, and with the price of gold closing above the level of $2000 last Friday, it gained enough momentum to rise sharply during today’s session, penetrating the level of $2010 per ounce and approaching. From the $2020 level, which if breached opens the door to the $2050 level per ounce.

The US dollar, on the other hand, fell today by 0.3% according to the dollar index, recording the lowest level in 4 sessions and trading near the lowest level in 3 months that it recorded last week.

The dollar has declined once morest currencies over the past two weeks due to weak US inflation data and a slowdown in the employment sector, which led markets to expect the end of the cycle of raising interest rates by the US Federal Reserve, and the beginning of expectations of lowering interest rates during the first half of next year.

Market expectations for US interest futures contracts indicate a probability close to 100% that the Federal Reserve will hold interest rates during the next December meeting, and another 60% probability that interest rates will fall by a quarter of a degree Celsius during the bank’s meeting in May 2024.

1701088200
#Gold #prices #today #Egypt #November

0 comments
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts
@2025 - All Right Reserved.

Hosted by ByoHosting - Most Recommendeed Webhhosting. For complains, abuse, advertising contact:
[email protected]

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.