Gold prices in jewelry stores have stabilized according to the start of negotiations today, today, Sunday, October 18, compared to the end of yesterday’s transactions.

Gold prices today in Egypt 10/18/2020

  • 24 karat gold
    The price of 24 karat gold ranges between 946 and 949 pounds.
  • 21 karat gold
    The price of 21 carat gold ranged between 828 and 830 pounds.
  • 18 karat gold
    The price of 18 carat gold ranged between 710 and 711 pounds.
  • The price of the gold pound
    The price of the pound of gold was about 6640 pounds

International gold prices

During yesterday’s trading, the price of gold fell, dropping to less than $ 1,900, a significant level, as the dollar stuck to the recent profits after US Treasury Secretary Stephen Mnuchin gave up hopes for a new stimulus package before the presidential election, Sky News reported.

Gold fell in immediate trading 0.2% to $ 1897.47 an ounce by 0620 GMT, after rising by 1.2% on Wednesday.

And US gold futures fell 0.3% to 1901.50 dollars an ounce.

Gold, which is a hedge against inflation and currency devaluation, has risen 25% since the start of the year amid unprecedented levels of global stimulus to mitigate the economic impact of the epidemic (Coronavirus).

As for other precious metals, silver fell 0.6% to $ 24.13 an ounce, platinum rose 0.3% to $ 859.51, and palladium rose 0.4% to $ 2353.52.

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