The price of gold in Egypt today, Wednesday – ryan

Gold prices in the local market witnessed a slight increase compared to the transactions of the past days, amid a state of cautious anticipation in the markets, whether at the local or global level, where the 21 carat has recorded about 4695 pounds for sale compared to 4670 pounds for purchase, which reflects a limited ups in a limited ups driven by the stability of the ounce of the global price and the continued demand of consumers to buy gold jewelry during the occasions season And engagement and marriage.

At the global market level, the price of an ounce of gold stabilized at a high level of about 3292.10 dollars, which was reflected in the price locally, as it reached about 163,871 pounds for sale and 163,160 pounds for purchase, in light of a careful follow -up to the expected American inflation data, which may play a decisive role in investor orientations around the world in the next stage.

As for the price of 18 -carat gold, which is preferred by the youth category and lovers of high -end designs, it has recorded about 4024.25 pounds for sale and 4002.75 pounds for purchase, which reflects relatively stability compared to the previous days, with continued demand as gifts of an elegant nature and a relatively appropriate price.

The gold pound recorded a new increase in the local market, to reach about 37560 pounds for sale compared to 37360 pounds for purchase, coinciding with the increase in demand for gold as a safe haven in light of the continuous changes in global markets and high inflation rates, as the value of the pound increased by about 1000 pounds in just one month.

The prices of other calibers came without calculating the manufacturer as follows, as 24 carat recorded about 5365.75 pounds for sale and 5337.25 pounds for purchase, and 22 caliber reached 4918.5 pounds for sale and 4892.5 pounds for purchase, while the 14 caliber recorded 3130 pounds for sale and 3113.25 pounds for purchase, while the price of 12 carat reached 2682.75 pounds for sale and 2668.5 pounds To buy.

The gold prices in the manufacturer ranged from the denominator 21 between 4780 and 4950 pounds per gram, and the final price varies according to the design, materials and geographical location of the store, as the manufacturer tends to rise in high -end or tourist areas compared to popular places.

Sherif Sami, President of the National Investment Company and former Chairman of the Financial Supervision Authority, stressed the importance of gold as a safe haven and a real store of value, especially in periods of crises and market fluctuations.

“Sherif Sami, head of the National Investment Company and former Chairman of the Financial Supervision Authority,” said that gold is residing globally in dollars, and therefore determining its price in the Egyptian market is directly related to the global price and the price of the pound.

He added that investing in gold funds is an effective way to hedge from a decrease in the value of the pound, as the investor maintains a commodity that agrees with the global markets on its position and value.