On Tuesday, gold prices in Egypt continued to rise to record levels, with the price of one gram of 21 carat reaching 3,300 pounds (about 107 dollars at the official price of the dollar) after it was 2,900 pounds one week ago, according to local media.
The newspaper said,Egyptian today“The price of a pound of gold jumped by 640 pounds in one day, reaching approximately 26,200 pounds, and 21 carat rose by approximately 105 pounds.
24 carat also rose to record its highest price in its history at about 3,651 pounds, according to the newspaper.
It was a platformOh goldsmiths“Online Gold and Jewelry Trade” announced, on Monday, the cessation of gold pricing in local markets, as a result of instability, before it resumed updating prices on Tuesday.
The platform said in a statement, published on Monday, that the market has been exposed to gross manipulation since Sunday, the official holiday for the local and international markets.
The executive director of the platform, Saeed Embaby, explained that “moving prices during the holiday period confirms the existence of speculation and manipulation for the purpose of raising prices, in addition to the pricing of gold at the price of the dollar in the parallel market above 52 pounds per dollar.”
The price of the dollar also rose in the parallel market, on Tuesday, to more than 53 pounds, an increase of one pound compared to Monday, according to the “Website” website.Exchange today“, while the official price of the dollar is still about 31 pounds.
Sameh Abdel Hakim, a member of the Gold Division at the Cairo Chamber of Commerce, attributed the rise in gold prices to “the large volume of demand for gold, the movement of the dollar in the parallel market, and the price of an ounce of gold on the global stock exchange. All factors have recently supported the gold jump in Egypt,” according to what he was quoted as saying. newspaper “the seventh day“.
2023-12-26 15:08:22
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