We publish prices gold In the Egyptian market today, Thursday, November 16, 2023. In the Egyptian market, the price of a gram of 21 carat gold, which is the best-selling gold in Egypt, reached 2,710 pounds at the time of publishing this report, and prices witnessed several movements during the past days.
Gold prices today
24 karat records 3097 pounds
21 carat costs 2710 pounds
18 karat is 2323 pounds
The gold pound is 21,680 pounds
Hani Milad Gayed, Head of the General Division for Gold and Jewelry at the Federation of Chambers of Commerce, attributed the global increase to the continuation of geopolitical tensions on the global scene with a state of distrust in the economic performance of the major countries in light of successive economic crises and the continued global wave of inflation on the one hand, in addition to the reduction of the credit rating of the United States of America. By the three largest rating institutions, and the dollar’s performance in global markets declined.
Jade explained that international opinion polls indicate a high degree of probability that the US Federal Reserve will not raise interest rates during next month’s meeting due to the fear of the impact of raising interest rates, which has continued for a year and a half, on the movement of the US economy and the fear of a severe recession and contraction in economic performance, especially with the decline in the pace of Higher inflation rates compared to last month.
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