Gold prices witnessed, today, Wednesday, the twenty-sixth of February 2020, gold prices fell during evening dealings in the local market, as it recorded 21 caliber, which is the best-selling in Egypt, about 712 pounds per gram, down from the price of 724 pounds, after witnessing the international price An ounce of gold fell significantly over the past hours globally, to $ 1638, after recording $ 1657.10 an ounce earlier in trading.
Gold prices today in local markets
- Caliber 24: Record about 814 pounds per gram.
- Caliber 22: Record about 746 pounds per gram.
- Caliber 21: Record about 712 pounds per gram.
- 18k: Record about 610 pounds per gram.
- Gold Pound: Record about 5.696 pounds.
- International price of an ounce: Record about 1638 dollars.
The price of spot gold delivery decreased by “0.07%”
At the global level, the prices of the yellow metal turned down by about $ 12, during trading today, Wednesday, with the rise of the US currency amid anticipation of the effects of the new virus, “Corona”, and the price of gold futures for April delivery fell by “0.7%”, as the delivery price fell The immediate spot for gold is about “0.07%”, at $ 1633.67 an ounce, after recording an increase at $ 1655 during an earlier trading session.
Factors that control the price of gold
It is mentioned that there are a group of factors that control the price of gold in Egypt, summarized in the factor of the ounce of gold at the global level, and the factor of supply and demand, and the factor of changes that occur on the price of the American currency, and these rules must be observed on a daily basis when determining prices, as the price of gold in Egypt , It may change over the course of one day more than once, due to the global changes witnessed by gold prices, and the price changes of the dollar in banks and official banks in Egypt.
|Unit||The price of gold in Egyptian pounds|
|24 caliber||815 to 817|
|22 caliber||747 to 749|
|21 caliber||713 to 715|
|18-gauge||611 to 613|
|Caliber 14||475 to 477|
|12-gauge||407 to 409|
|The ounce||25,342 to 25,413|
|Pound of gold||5,704 to 5,720|
|Kilo||814,857 to 817,143|
|Gold prices may vary from one goldsmith to another|