Sunday 09 May 2021 | 09:53
Gold prices in Egypt witnessed an increase of 16 pounds for each caliber of different caliber circulating in the gold market in Egypt, due to the significant increase in the price of the yellow metal globally, as a result of developments related to the repercussions of the Corona virus on the markets.
Gold prices in Egypt were recording 776 pounds per gram, on Sunday, May 2, 2021, and as soon as trading opened on the yellow metal on Monday, gold prices recorded increases of 4 pounds, so prices in Egypt rose to levels of 780 pounds per gram of 21 carat, which is the best seller in Goldsmiths Market.
Gold prices today in Egypt
The global price of the yellow metal was recorded at $ 1768 an ounce, then the rise began on Monday, May 3, 2021, to the levels of $ 1775, then global gold continued to move in the range of the price channel between $ 1777 to $ 1790.
Since Thursday, prices began to move up to the levels of $ 1796, then the ounce broke the $ 1,800 barrier, which is the barrier of resistance, against the backdrop of the decline in the yield of American bonds as well as the dollar, in addition to the release of a report on employment in the agricultural sector in the United States of America that was disappointing, It revealed a shortage of employment, which raised the demand for the yellow metal.
The price of gold today
In the local market, gold closed at a price of 792 pounds per gram of 21 carat, according to Friday’s close, to continue the recorded prices until Monday morning, with the opening of trading again in gold.