Today, Wednesday, April 1, 2020, gold prices witnessed a new decline in Egyptian goldsmiths and local markets in the last hours of the day during the end of trading, and the price of a gram of gold declined by about 13 pounds for 21st, to complete the significant decline for the third day in a row, which began a few days ago, especially during Last March, when the price of the yellow metal fell throughout the days of the month, prices are expected to drop further over the coming days.
Gold prices today, Wednesday, April 1, 2020
The head of the gold division of the chambers of commerce, Safi Amin, pointed out that the gold price has been falling for consecutive days that may make traders resort to partial closing for a certain period, after a state of fear and panic dominated all gold dealers during the past days as a result of the lack of buyers in that current period, appealing to all Traders need to sterilize the goldsmith’s shops in Egypt in order to prevent the spread of the Corona virus (Covid-19) epidemic.
Gold prices recorded a significant decline today, Wednesday, where a gram of 21-carat gold recorded a price of 687 Egyptian pounds, to record a significant decline of about 13 pounds compared to its last price a few days ago, and a gram of 22-carat gold price reached 720 pounds, as well as a gram of 18-carat gold, the price of 589 Egyptian pounds And the price of a gram of 24 carat gold reached 785 Egyptian pounds, while the gram of 14 carat gold recorded the price of 458 Egyptian pounds, and the price of a gram of 12 carat gold reached 393 Egyptian pounds.
Gold prices today during the end of trading
The price of the gold pound reached 5,496 Egyptian pounds, and the ounce of gold recorded 24,418 EGP, and the price of a kilo of gold ranged from 780,571 to 785,143 EGP during the end of trading, and economists expect prices to decline in the coming weeks due to the instability that controls the Egyptian economy due to the outbreak of the Corona pandemic Dangerous in most Arab and European countries, but on the world level.
Experts also emphasized that the decline in gold prices today is due to a state of stagnation in the goldsmith’s shops in Egypt, in addition to the fluctuation and instability of the economy locally and globally due to the current conditions experienced by countries around the world during the past few period, and the dates of the curfew and the opening of gold stores are considered At specific times alongside supply and demand are important reasons affecting the prices of the yellow metal in the local market.
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