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Gold prices at the end of trading on Saturday, November 17, 2018 from the date of dawn on Saturday, November 17, 2018.
Gold prices were matched at the end of trading on Saturday, the price per gram of 21 caliber was about 611 pounds, while the price of a gram of 18 caliber of about 523 pounds and the price of a gram of 24 caliber was about 698 pounds.
The price of a global ounce was about $ 1221, while the price of a gold pound was about £ 4888.
It is worth mentioning that there is no specific price for gold products because they differ from one store to another, but also differ from one brand to another and the merchant sets them and ranges from £ 30 to £ 60 per gram. The gold price is determined by the world price of an ounce. They are sacrificing on the Egyptian market.
The gold price on the Egyptian market is influenced by the world price of precious metals on international metal stock exchanges, the global price is dominated by high demand or decline, the price of gold is negatively linked to the dollar market, the dollar rate is causing the price of gold to fall. Investors keep them in gold to buy the dollar with the expectation of growth. If the dollar falls due to American political and economic decisions, investors buy gold as a safe investment.
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