Islam Saeed wrote on Sunday, July 02, 2023 08:42 PM gold prices fIn Egypt today, in evening trading, it declined for the third time by about 10 pounds, as a gram of 21 carat gold, which is the best-selling in Egypt, recorded 2220 pounds per gram, compared to 2230 pounds per gram without adding work.
Gold prices today:
24 karat records 2539 pounds.
21 karat records 2220 pounds.
18 karat records 1903 pounds.
The gold pound is 17,760 pounds.
demand for gold
Mohsen Fawzi, a member of the Board of Directors of the Precious Metals Division in the Chamber of Metallurgical Industries of the Federation of Industries, revealed that the demand for gold has increased during the recent period, especially 18 karat, which is currently witnessing high demand, with the recent remarkable movements in gold.
Mohsen Fawzi confirmed, in exclusive statements to “The Seventh Day”, that the trend in the markets to buy 18 karat is increasing during the current period, in light of the high demand in Greater Cairo, bringing the volume of demand for it to 80%, indicating that the governorates of Upper Egypt, 21 karat is still the leader in in terms of sales volume.
He pointed out that the trend in the future will be for 18 karat, and that the global trend for this caliber, but in many governorates in Egypt, is not popular, but with time, the consumer’s trend will be for the best price, and there is a large and clear price difference between 18 and 21.
And when asked about the expectations of gold prices for the coming period, Mohsen Fawzi confirmed that the gold market is linked to several factors, including the price of gold on the global stock exchange, which has recently witnessed a noticeable decline. The future of the local currency and the occurrence of a balance in demand We witnessed a decline in the price of gold, so the future of gold prices in Egypt remains dependent on the demand for the yellow metal and the size of the supply of gold.
2023-07-02 17:42:00
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