Gold prices rose in Thursday evening trading by around £30 today in Egypt to hit record prices of £1530 per gram of 21 carat which is Egypt’s best selling unlaboured after a significant increase in the past days with the tendency for consumers and capital holders to hedge against a decline in currencies.
Gold prices today:
18 karat registered 1311 pounds.
21 carat registered 1530 pounds.
24 carat registered 1743 pounds.
The gold pound is £12,200.
Sameh Al-Torgoman, a member of the Gold Division, said that the total increase in gold prices last week was 160 pounds in the Egyptian market due to high demand for gold in the market and declining supply. .
He added, in exclusive statements, that precious metals must import manufacturing requirements, all non-local, and these manufacturing requirements have increased dramatically in recent times with the continued movement of the dollar, including, for example, “wax, rubber, brushes, fries, all imported.
And he pointed out that the market is unstable in the current period, and the factories bear a lot of burdens due to the continuous payment of labor costs and monthly obligations, with the continuous large decline in factory sales and the tendency of consumers to buy gold bullion. gold.
