Friday 15 April 2022
I wrote – Shaima Hefzy:
The price of gold in Egypt jumped, during last week’s trading, with the rise in global crude prices and the increase of the dollar.
The price of a gram of 21 karat gold rose by about 24 pounds per gram during the week, to record today about 1008 pounds, compared to 984 pounds last Friday.
Ahmed Moati, CEO of iMarkets, a financial consultancy in Egypt, said that the rise in prices is due to several factors, including the rise in global crude prices as part of the repercussions of the Russian-Ukrainian war, and the rise of the dollar in Egypt against the pound.
And Maati advised, in a live broadcast via Masrawy, to keep investing in gold for the long term, noting that gold is a store of value and a safe haven, especially in times of crisis, when prices are always in an upward trend.
He added that if prices decline with the lull of the war – which cannot be expected in timing – gold will not fall below the level of 900 pounds per gram.
Gold prices today
14 karat gold prices rose to 670 pounds per gram.
The price of 18 karat gold increased to 863 pounds per gram.
And the price of 21 karat gold rose to 1008 pounds per gram.
The price of 24 karat gold rose to 1153 pounds per gram.
gold pound price
The price of the gold pound rose to 8085 pounds, and the price may vary from one dealer to another, and this price is equal to the value of gold in the pound, and its price is linked to the prices of a gram of 21 karat.
The price of gold today globally
Gold prices rose globally this week by 1.51% with the markets closed on Friday, and you can follow gold prices today and around the clock through this service from Masrawy: Gold Prices