The price of gold in Egypt today, Tuesday, May 25, the third day of Eid Al-Fitr, recorded remarkable stability at 760 pounds per gram, of 21 carat, which is the most widely traded and popular in Egypt, a relatively high price in the goldsmiths market, which affected gold sales.
Gold prices today …
Caliber 18: 651.40 pounds
Caliber 21: 760 pounds
Caliber 24: 868.55 pounds
Gold Pound: 6080 pounds
World price: $ 1727
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Hani Gayed, head of the gold division at the Chamber of Commerce, revealed that the consumer is currently resorting to selling his gold jewelry, in order to take advantage of the high prices of the precious metal that are recording significant increases since the beginning of this year by more than 10%, in light of the large rise in gold ounce as a result of the turmoil of the situation Economic worldwide.
He added, “Good” to “The Seventh Day” that the holders of the precious metal from citizens tend to sell now, not the investor, as the investor maintains what he has of gold reserves, in light of the expectations of the continued rise in the price of gold globally, which is reflected in the conditions in the goldsmithing market In Egypt, price increases occur.
Regarding the future of gold prices, the head of the precious metals division pointed out that the trend of global investors now towards gold raises its prices in an unprecedented way, in light of the ambiguity surrounding the economic situation globally, due to the outbreak of the new Corona virus, which affected the markets and exchanges, which pushed in Gold rising trend.
In a related context, Hani Gayed pointed out that sales of the precious metal in the last 10 days of Ramadan recorded sharp declines for the first time, in light of the procedures to confront the Corona virus and the closure of stores early, pointing out that the corresponding period of each year recorded an increase in sales as a result Turnout to buy the network holiday.
He pointed out that gold in Egypt recorded during the month of May this unprecedented heights, exceeded 765 pounds per gram of 21 carat, which is the most traded and sold in the goldsmiths markets, in an increase that the market has not witnessed at any time, which pushed sales to decline in general, whether busy Gold as traditional or alloy.
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