A strong start for gold prices in Egypt today due to the historic rise achieved by the global gold price, and the high demand for gold as a safe haven due to global tensions, which worked to increase the demand for gold as the best investment at the present time.
The most common 21-carat gold opened trading today, Monday, at the level of 6,115 pounds per gram, and at the time of writing, it was trading at the level of 6,090 dollars per ounce, according to Gold Billion.
Gold prices today:
– 24 karat records 6965 pounds
– 21 caliber costs 6090 pounds
– An 18 karat carat costs 5224 pounds
– The gold pound is 48,760 pounds
Gold rises in Egypt despite the decline of the dollar
The significant rise in the price of gold was the result of the exceptional performance in global gold and the recording of an ounce of gold at a new historical price today due to geopolitical tensions and fears that increased the demand for gold as a safe haven.
It is worth noting that the current rise in the price of local gold comes despite a gradual decline in the exchange rate of the dollar against the pound, which indicates the strong influence of the global price on the pricing of local gold during this period.
Expectations indicate that the price of gold will continue to rise as a result of uncertainty at the global level, which increases fears in the markets and increases the demand for gold as a safe investment during these periods.
