The gold price stabilized in Egypt, today, Friday, May 12, 2023, after the gram declined yesterday, Thursday, by about 50 pounds, with the support of customs exemption decisions for gold artifacts imported from abroad.
The gold price today in Egypt
In the following lines, we monitor the price of gold today in Egypt today Goldsmiths’ shopsAnd it came as follows:
The price of a gram of 24 karat gold
The price of 24 karat gold recorded a level of 2857 pounds per gram.
The price of a gram of 21 karat gold
The price of a gram of 21 karat gold hit about 2,500 pounds.
The price of a gram of 18 karat gold-
The price of 18 karat gold reached 2142 pounds per gram.-
The price of the gold pound
The price of the gold pound today, Friday, reached 20 thousand pounds.
The price of an ounce of gold
The price of an ounce of gold on the global stock exchange recorded about 2016 dollars.
Global gold prices
Gold prices rose globally by 1.35% during the past week, to settle at the highest level since September 2020, recording about $2016.79 an ounce, exceeding $2,000 for the first time since mid-April, with the weakness of the dollar and the decline of most US Treasury yields, according to the Central Bank of Egypt.
And the central bank stated, in its weekly commentary on global markets for the period from April 28 to May 5, 2023, that recession fears led to an increase in demand for gold as a safe haven, as the Federal Reserve reported that there are discussions about halting interest rate increases, which makes the assets that generate Less attractive interest.