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Gold prices today in Egypt, Saturday March 19, 2022

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Gold prices fell today in Egypt, during the early hours of Saturday, March 19, 2022, for all carats, amid calm in buying and selling.

Gold prices in Egypt vary across different regions and gauges, where the value of labor (the merchant’s salary for each gram of gold work) ranges from £30 to £60 in goldsmiths’ areas, while raises for some dealers to range between 120 and 150 pounds.

Gold Price Today in Egypt

The price of a gram of 24 carat gold fell today in Egypt, to reach 970 pounds, compared to 978.63 pounds at the end of the day on Friday.

And the price of the gram of gold of 18 carats fell today in Egypt, to register some 728.04 pounds, compared to 733.98 pounds at the close of operations on Friday.

And about the economic gold prices today in Egypt, the price of a gram of 14-carat gold registered around 566.25 pounds, and the price of a gram of 12-carat gold registered around 485.36 pounds, and the price of a gram of 9 carat gold registered around 364.02 pounds.

21-carat gold price today in Egypt

The price of a gram of 21-carat gold today in Egypt (the most traded in the markets), to register about 849.39 pounds, compared to 856.32 pounds, at the close of trading yesterday Friday.

The price of an ounce of gold today in Egypt was about 30,189 pounds (1923 dollars), and the price of a pound of gold today in Egypt was about 6,795 pounds ($432.82).

world gold

Gold prices posted their biggest weekly drop in nearly four months after demand for the safe-haven metal took a hit on hopes of progress in Russia-Ukraine peace talks and interest rate fallout from United States.

And the price of gold in spot operations fell 0.7% to 1,929.56 dollars an ounce at the close of yesterday, the end of the trading week, affected by the rise in the dollar.

US gold futures fell 0.7% to $1,929.30.

Many expected gold to continue on a downward path as soon as the Fed announced a 25 basis point rate hike, but gold showed strength and continued to rise, rising more than 2% to above $1,950 an ounce, while gold fell but trends changed today. .

“Over the last 10 days, we’ve seen a significant erosion of the invasion momentum and speculative spree” in gold, said David Jones, chief market analyst at capital.com.

Gold is down 2.8% this week as optimism over peace talks boosted sentiment in broader financial markets, dampening demand for safe-haven assets.

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