The price of gold today in Egypt

The price of gold started trading on Saturday 18/6/2022, witnessing a state of rise compared to the end of trading on Friday, where the trading of the markets of the jeweler of The Caliber 21, which measures the average price of gold in Egypt at 1001 pounds, while the price of gold rose at the beginning of the day trading to 1003 pounds for the self caliber.

The price of gold today in Egypt recorded a caliber of 24 value 1146 pounds, recorded the price of gold 21 caliber value 1003 pounds, recorded the price of gold caliber 18 value 859 pounds, recorded the price of gold 14 caliber value 668 pounds, and recorded the price of the pound gold value 8024 pounds.

Price of gold in Egypt

The price of gold in Egypt witnessed a state of rapid movements between the rise and the decline, influenced by the movements of the price of world gold, while the price of gold in Egypt was not affected by the movements of the dollar in Egypt, which saw four highs during June.

Comparing gold price movements in May and June

Despite rapid and fluctuating movements in the price of gold for the past two days, the price of gold recorded its peak volatility in May, where the price of gold 21 caliber rose to about 1220 pounds per gram while at the end of the month fell to the level of 1000 pounds for the same caliber, the volume of loss of 21 caliber reached in May and after the highs value of 220 pounds.

During June, the price of gold moved at its highest level to 21 to 1017 pounds, and recorded its lowest level at 992 pounds.

Gold price forecast in Egypt during Eid al-Adha

Despite moves in the price of gold between the rise and fall, it is experiencing a state of stability compared to its volatility in June, and the price of gold in Egypt is expected to continue the stability until the announcement of the results of the meeting of the Monetary Policy Committee of the Central Bank of Egypt, which sets interest rates in Egypt.

The price of gold is affected by the interest rate rates in banks as a result of their impact on the supply and demand situation.

World Gold Price

The closing price on the World Gold Exchange at the end of weekly trading was $1,840 per ounce, and the Gold Exchange resumes its operation at the beginning of the trading week on Monday, June 20, 2022.

The price of gold in America

The price of gold in America was recorded in dollars at the price of an ounce of $1840, valued at $59.17 for a caliber of 24, the price of gold of 21 caliber was recorded at 51.78, the price of 18-carat gold was recorded at $44.38, the price of 14-gauge gold was recorded at $34.52, and the price of a kilogram of gold in dollars was recorded at $59.172 thousand.

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