Gold price today in Egypt: Find out the price of gold today in Egypt, Saturday 3/9/2024, and the price of 21 karat gold, the best seller in the local market.
Continued average Today’s gold price in Egypt Saturday 3/9/2024, with an increase in various prices of the precious metal, ranging between 47 and 80 pounds, coinciding with the rise in global gold prices, at the end of weekly trading on the American Stock Exchange, yesterday, Friday.
The average price of gold today in Egypt, Saturday 3/9/2024, has increased at a significant pace, since there was a jump in the average price of the dollar in Egypt in bank transactions and exchange companies, by 60.21% since the middle of Wednesday transactions, after the Central Bank of Egypt fully liberalized the exchange rate. Egyptian Pound.
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And he rose Egyptian Central Bank Last Wednesday morning, by raising interest rates by 6% once, and completely liberalizing the exchange rate of the pound, and determining it according to market mechanisms, then the Egyptian government announced, on Wednesday evening, that it had reached an agreement with the International Monetary Fund, while increasing the size of the financing package to 8 billion dollars.
Average rose dollar price The price of gold today in Egypt, Saturday 3/9/2024, which is called the “goldsmith’s dollar,” reached about 53.64 pounds, while the average price of the dollar today, Saturday 3/9/2024, in bank transactions, stabilized at about 49.44 pounds, and remained The average price of the dollar against the Egyptian pound remained stable in the “black” parallel market transactions, at about 51.10 pounds.
Complete flotation of the Egyptian pound and unification of the exchange rate
The Central Bank of Egypt took important decisions during an extraordinary meeting held on Wednesday, aiming to unify the exchange rate of the Egyptian pound. These decisions included:
- Raising interest rates by 600 basis points.
- Allow the exchange rate to be determined “according to market mechanisms.”
The Central Bank’s announcement of these decisions caused a sharp decline in the Egyptian pound against the US dollar, as the exchange rate exceeded 50 pounds to the dollar in banks, compared to 30.94 pounds to the dollar before these decisions.
- Low inflation rates.
- Controlling public debt.
- Motivating the private sector to invest in Egypt.
Increasing the IMF loan to $8 billion
I reached out Egyptian government On Wednesday evening, an agreement was officially reached with the International Monetary Fund on a new IMF loan, in a move to support the economy that is suffering from a staggering shortage of foreign currencies and high inflation.
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On Wednesday morning, Egypt floated its local currency and raised the main interest rate by 6% once, with the aim of combating waves of inflation and attracting foreign investment, which paved the way for an agreement on a new IMF loan.
Egyptian Prime Minister, Dr. Mostafa Madbouly, announced that an agreement had been reached at the expert level regarding the first and second reviews of the IMF loan program, while increasing the size of the financing package to $8 billion, in a joint press conference with Fund officials.
These measures, announced by the Central Bank of Egypt early on Wednesday, were among the IMF’s main demands to increase the $3 billion bailout loan agreed upon by the two parties in 2022.
Today’s gold price in Egypt, Saturday 3/9/2024, 24 karat
The average price of gold today in Egypt, Saturday 3/9/2024, 24 karat in goldsmiths’ shops without its manufacturers, rose to about 3680 pounds for purchase and 3737 pounds for sale, compared to about 3600 pounds for purchase and 3714 pounds for sale, yesterday according to the “egypt. gold price” platform. -today”.
Today’s gold price in Egypt, Saturday 3/9/2024, 18 karat
The average price of gold today in Egypt, Saturday 3/9/2024, 18 karat, increased to about 2760 pounds for purchase and 2803 pounds for sale, compared to about 2700 pounds for purchase and 2786 pounds for sale yesterday.
The price of the gold pound today in Egypt, Saturday 3/9/2024
The average price of the gold pound rose today in Egypt, Saturday 3/9/2024, to about 25,760 thousand pounds for purchase, and 26,160 thousand pounds for sale, compared to about 25,200 thousand pounds for purchase, and 26 thousand pounds for sale, yesterday.
Today’s gold price in Egypt, Saturday 3/9/2024… 21 karat
The average price of gold today in Egypt, Saturday 3/9/2024, 21 karat, which is the best-selling gold in the markets, rose to about 3,220 pounds to buy, and 3,270 pounds to sell, compared to about 3,150 pounds to buy, and 3,250 pounds to sell, yesterday.
Today’s gold price in Egypt, Saturday 3/9/2024, 14 karat
The average price of gold today in Egypt, Saturday 3/9/2024, 14 karat, increased to about 2147 pounds for purchase and 2180 pounds for sale, compared to about 2100 pounds for purchase and 2167 pounds for sale yesterday.
The average price of gold today in Egypt, Saturday 3/9/2024
The price of the dollar in Egypt today, Saturday 3/9/2024
The average price of the dollar in Egypt today, Saturday 3/9/2024, stabilized at about 49.34 pounds for purchase, and 49.44 pounds for sale, according to data from the Central Bank of Egypt.
The average price of the dollar in Egypt today, Saturday 3/9/2024, in banks and exchange companies, remained stable at about 49.30 pounds for purchase, and 49.40 pounds for sale.
The price of the dollar in Egypt today, Saturday 3/9/2024, on the black market
The average price of the dollar in Egypt today, Saturday 3/9/2024, in black market transactions, remained stable, after the decision to float the Egyptian pound was issued last Wednesday.
The average price of the dollar in Egypt stabilized today, Saturday 3/9/2024, in black market transactions, at about 50.10 pounds for purchase, and 51.10 pounds for sale.
The price of gold globally today, Saturday 3/9/2024
The price of gold rose globally, to about $2,178.95 per ounce, by 5:00 GMT yesterday morning, Friday, at the end of weekly trading on the American Stock Exchange, compared to about $2,150.53 per ounce, at the beginning of trading yesterday, Friday, according to the Bloomberg index. .
The price of gold has been recovering globally, since investors’ expectations have increased for the US Central Bank to reduce interest rates, the first of which will be next March.
Global gold prices increased by 14% in last year’s trading, 2023, to record the best annual performance in 3 years.
Gold prices are recovering, with the decline in interest rates, which pushes the dollar index to decline against the 6 major competing currencies, which reduces the cost of purchasing gold for holders of competing currencies.
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