The search rate is increasing by many to know the latest developments regarding the situation of gold in the Egyptian market, and the expectations of the price of gold in the coming period, after the approval of the Prime Minister on the decision to raise the customs tax on gold.
The case of gold in the Egyptian market
In this context, Amir Rizk, a member of the Gold Division and an expert in gold artifacts, revealed, in exclusive statements to “The Week”, about the state of gold prices during today’s trading, Saturday, May 13, and indicated that there is a decline in prices now by about 40 pounds, compared to prices in The beginning of the transaction.
Amir Rizk said: “There are chances of a decrease in gold prices if all the provisions of the decision to raise the customs tax are implemented during this week,” noting that there are several factors that must be implemented first, which are as follows:
Determine all the details related to the decision of the number of grams that will be allowed to enter.
Find out the value of fees on occupied and unoccupied gold.
What are the fees that will be charged for the bullion.
How many times will one be allowed to pass through the gold coins, and how long is the time between each time?
Rizk explained that if these factors are implemented, it is expected that the state of the yellow metal will be determined during the coming period.
gold globally
And the expert stated that he expects a rise in gold prices in the period from July to September, due to the global rise that gold will be exposed to during that period, as it is expected that the price of an ounce of gold will rise on the global screen to range between 2300 to 2500 dollars.
Amir Rizk noted that the reason for this is due to the fact that international banks transfer their cash to quantities of gold, because gold is stronger than the cash in banks, the first of which is JP Morgan Chase, which indicated that an ounce will reach $ 3000, and therefore it is likely 21 caliber can reach more than 3000 pounds.
The price of gold in Egypt
Rizk ended his speech to “The Week” by displaying gold prices in Egyptian goldsmiths’ shops during the middle of today’s dealings, Saturday, May 13, 2023, which we will provide you with through the following report:
| The gold price in Egypt today, Saturday, May 13, 2023 | ||
|---|---|---|
| gold price | sale | |
| 24 karat | 2731 pounds | |
| 21 caliber | 2390 pounds | |
| 18 karat | 2049 pounds | |
| 12 karat | 1365.5 pounds | |
| gold pound | 19,120 pounds | |
| ounce | 2011 dollars | |
The gold price is in the middle of today’s trading, Saturday, May 13, 2023, in the Egyptian goldsmiths’ shops
24 karat price now in Egypt
The price of a gram of 24 karat gold decreased to 2731 pounds for sale.
The price of 21 karat now in Egypt
The price of the 21st caliber also decreased by about 40 pounds, to record 2390 pounds for sale.
18 karat price now in Egypt
The price of 18 karat gold decreased, to record 2049 pounds for sale.
The price of 12 carat now in Egypt
The price of 12 carat gold fell, to record 1365.5 pounds for sale.
The price of the gold pound now in Egypt
The gold pound lost its value during the middle of today’s trading, to record 19,120 pounds for sale.
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2023-05-13 09:34:44
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