Gold prices in Egypt Today, Monday, August 19, 2024 World gold prices rose during today's trading on Thursday at the levels of 2506 dollars per ounce, close to the historical peak achieved last week, which was at 2510 dollars per ounce now.
On the other hand, gold prices in Egypt rose slightly today, Monday, August 19, where the 21 caliber, which is the highest traded in Egypt, recorded levels of about 3470 pounds to buy, despite the decline of the dollar against the Egyptian pound locally, as the dollar price in the parallel market fell to levels of 49.14 pounds per dollar, and the dollar price in official banks fell to the lowest levels of 49 pounds, specifically 49.88 pounds per dollar.
The decline of the dollar against the pound began in Egypt after some US data were released last week stating that the US economy is still able to avoid recession and achieve a safe fall from high inflation levels.
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