Crazy rise in gold prices .. and 24 carat record 829 pounds

On Monday, February 24, 2020, gold prices witnessed a new rise of 19 pounds, which is the highest value ever during the month of February, since the spread of the Corona virus, affected by the rise in the price of gold during the trading session on the global gold exchange.

The price of gold according to each caliber during daily transactions:

The price of a gram of 21-carat gold is 725 pounds

The price of a gram of 24-carat gold is 829 pounds

The price of a gram of 18 carat gold is 621 pounds

The price of the gold pound is 5800 pounds

The head of the Gold and Jewelery Division at the Chambers of Commerce, Naguib Club, called on citizens to sell gold (the broken stock) to them, in order to benefit from the high price of gold on international stock exchanges, and he advised them to go to purchase despite the high price, stressing that it is a safe haven compared to the dollar, which is witnessing A significant decline in front of the Egyptian pound during the current period.

It is worth noting that the prices of the yellow metal are witnessing instability during the current period, due to the change in the price of gold on the global gold exchange affected by the spread of the Corona virus, but it is considered a safe haven for many Egyptians, and they prefer it to real estate investment that is witnessing a great recession, recently due to the exaggerated price increase , As most Egyptians seek to buy it because its value increases day after day, and they prefer it to put their money in banks, and with every slight decrease they seek to buy it and keep it until its value rises and they sell it.

Egypt relies heavily on gold, because it occupies the largest share of its exports that exceed billions of dollars annually, and gold is exported in the form of alloys and not gold jewelery, especially since the Egyptian seal is not approved externally.

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