08:14 PM Thursday 25 January 2024
Books – Hassan Morsi:
Saeed Embabi, CEO of the iSagha platform for online gold trading, said that we are living in a period of uncertainty in prices, noting that the current price of a gram of 21 carat gold is 3,855 pounds.
Embaby added, during a phone call to the “Kol Al-Zawiya” program, on “On” satellite channel, on Thursday evening, that we see that the current prices of gold are exaggerated, especially within the local market, explaining that the international price of an ounce is 2015 dollars, while in Egypt it is very high.
The official on the “iSagha” platform pointed out that the state’s current approach depends on providing the dollar for basic commodities, and therefore the import of gold from abroad has stopped, and therefore the gold in the market is limited, and the demand for it is very large, and because of this prices are high, because the supply and demand factor is influential and controls In prices.
Saeed Embabi advised against buying gold in light of the current hidden increases, calling on citizens not to speculate in gold, and to use it only for savings and decoration and not speculation, because this harms the market.
2024-01-25 18:14:00
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