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Today, Wednesday, we saw a clear and noticeable increase in gold prices within Egypt, and the value of this increase was “10 pounds”. After the gold crash last Monday, it returned to 21 carats, which is the best-selling and most famous type of gold in Egypt, at 798 pounds per gram only. The price of gold in Egypt in this way, directly after the rise in the price of an ounce of gold globally, until it reached $ 1828, and this occurred in light of a marked decline in the price of the dollar at the level global, until the US currency was recorded for the worst price it has experienced in more than two years and this is due to the Corona pandemic.
Gold prices today in Egypt
The price of 18 karat gold is approximately: 684 lbs.
The price of 21 karat gold is approximately: 798 lbs.
The price of 24 karat gold is approximately: 912 lbs.
The price of a pound of gold is approximately: 6384 lbs.
The price of an ounce of gold is approximately: $ 1828.
The inverse relationship between the dollar and gold
It should be noted that the price of the dollar has stabilized to its lowest level in approximately two and a half years -since the end of April 2018-, and therefore this decline in the dollar was reflected in the price of gold, since it was witnessed a rise of about $ 20, and the Chinese yuan lost a lot of Profits attributable to it in Asian transactions.
As for the euro, it and the New Zealand dollar also stabilized, and their price rose to its highest level in two and a half years against the wide fall of the dollar, and the euro remained firm in its gains against the dollar after a notable upside tonight as it reached its highest level since May 2018 and recorded on its last trade. $ 1.2071.
