Business Gold prices jump 15 pounds in a week, and...

Gold prices jump 15 pounds in a week, and 24-carat exceeds 900 pounds

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01:59 PM

Friday 26 June 2020

I wrote – Shaima Hefzy:

Gold prices in Egypt jumped during the day, Friday, compared to last Friday; Increase the price per gram, about 15 pounds.

Club Naguib, Secretary General of the Gold Division of the Cairo Chamber of Commerce, told “Masrawy” that the price of a 21-gram gold price reached 792 pounds today, compared to 777 pounds, last Friday.

The price of a gram of 18 carat gold was about 678.9 pounds, 24 carat about 905 pounds, and the gold pound was 6336 pounds.

Globally, gold prices tend to achieve their third weekly gain in a row, due to concerns about high incidence of Coronavirus around the world, although the rise of the dollar and stock gains hamper the demand for the yellow metal, which is a safe haven.

According to the Reuters news agency, the precious metal has risen more than 1% since the beginning of this week, while prices reached their highest level in almost eight years at 1779.06 dollars on Wednesday. US gold futures fell 0.2% to $ 1767.20.

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