Today, Monday 3-13-2023, the price of gold witnessed a new rise, coinciding with the global rise in the price of gold on the global price exchange, after the collapse of the “Silicon Valley” bank, which cast a shadow on the global gold exchange and continued to rise.
The price of gold now
And we publish the price of gold now in Egypt in evening trading today, Monday 13-3-2023, in goldsmiths’ shops without workmanship, according to the latest update of gold prices in the General Division of Gold in the Chambers of Commerce, and gold prices are now as follows:
21 karat gold price
1900 pounds
18 karat gold price
1628.5 pounds
14 karat gold price
1270 pounds
Gold pound price now
15,200 pounds, excluding workmanship, stamps, or taxes
The price of an ounce of gold now
1913 dollars
In the global gold market, the price of gold rose in dollars today, to record now about $1913 an ounce, an increase of approximately 2.45% compared to yesterday's closing prices, which recorded $1867 an ounce, affected by the crisis of the collapse of the American Silicon Valley Bank.
According to what was explained by the General Division of Gold and Jewelry of the General Federation of Chambers of Commerce, there is a set of indicators that have a direct impact on the rise in gold prices in the global and local markets, on top of which was the fall of Silicon Valley Bank - SVB, which led to a new rise in the gold market with expectations of easing. The US Federal Reserve from its strict policy to contain inflation rates.
According to the division, these policies are behind the impact of the US banking system, not just the Silicon Valley Bank. European stock exchanges, led by the Frankfurt Stock Exchange, witnessed a collective decline during the past week, in addition to the continuation of a number of countries towards increasing their reserves of gold, which created an increasing global demand for gold. The precious metal, explaining that these factors led to a rise in gold prices at the end of last week and confirms the price trend to rise next week.
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