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A significant drop in the price of gold today, Saturday, in Egypt… and £60, a drop

3.40pm

Saturday 10 December 2022

I wrote – Dina Khaled:

Gold prices in Egypt fell significantly during trading today, Saturday, as the price of an ounce fell again by around £30 from its level in morning trading, Naguib reported. , secretary general of the Gold Division of the Cairo Chamber of Commerce had previously told Masrawy.

And the price of gold fell by around £30 in the morning, bringing its total loss to around £60 a gram for the day, compared to its level at close of trade yesterday.

Naguib attributed the drop in gold prices today to calm demand for gold over the past two days, which forced prices lower.

Gold prices today

The price of 14-karat gold has registered around 1099 pounds per gram.

The price of 18-karat gold was around £1414 per gram.

The price of 21-karat gold has registered around 1650 pounds per gram.

The price of 24 carat gold was around £1885 per gram.

The price of the gold pound

The price of the gold pound has dropped to £13,200, and the price can vary from one dealer to another, and this price is equal to the value of gold in the pound.

The global price of gold

Today and tomorrow are weekly public holidays on global stock exchanges, including the commodity and metals markets.

By the close of trading on Friday, the global price of gold rose to around $1,797 an ounce, an increase of 0.46%, according to data from the Bloomberg agency.

You can follow gold prices today and around the clock via this service from Masrawy: gold prices

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