The price of gold in Egypt Today, Monday, December 9, 2024
The global price of gold
Gold prices rose during today's trading on Monday with the beginning of the week, as the precious metal is now trading around the levels of 2655 dollars per ounce, supported by the resumption of the Chinese central bank, the largest consumer of gold after a six-month hiatus, and at the geopolitical level, the rebels in Syria seized the capital Damascus and the regime was overthrown, and President Bashar al-Assad fled to Russia after a revolution lasting 13 years and six decades of the authoritarian rule of the Assad family.
The market now sees an 85% chance of a 25 basis point interest rate cut next week.
The price of gold in Egypt
On the other hand, the price of gold in Egypt rose today, Monday, as the price of the 21st highest traded gold in Egypt is trading near the levels of 3780 pounds, especially with the rise in the dollar price in Egypt.
The price of 24-karat gold is also trading today at levels of 4320 pounds, while 18-karat gold recorded levels of 3240 pounds per gram.
The price of the dollar minted in Egypt is trading near the levels of 49.60 pounds, but the dollar price inside official banks today rose strongly to reach the levels of 50.75 pounds, and the dollar price in the parallel market inside Egypt also rose near the levels of 51 pounds.
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