The seventh day of the latest price update is published Gold gram Now in Egypt, in conjunction with the stabilizer gold prices At Souq Al-Sagha today, Saturday 12 – 9 – 2020, as the price of gold was recorded at 850 pounds per gram of 21 carat, which is the main caliber in the Al-Sagha market in Egypt.
gold prices:
Caliber 18: 728.5 pounds.
Caliber 21: 850 pounds.
Caliber 24: 971.5 pounds.
Gold pound: 6840 pounds.
World price: 1948 dollars.
There are 3 rules that control prices goldWhich is, in order, the global price of an ounce of gold, which if there is any decline, the prices will decline here in Egypt, and the exchange rate of the dollar and if the dollar price collapsed, the gold prices declined and finally the supply and demand factors, but they are not significantly influential, according to Dr. Wadih Antoun
Anton added, in exclusive statements for the seventh day, that we cannot wake up from day to night to the news of the collapse of gold in Egypt, and here is the answer to the question of when will gold prices decline, we will find that they are related to the previous factors, and if they meet or at least the first causes of the decline are achieved, which is a sharp decline In world prices, gold will achieve a significant decline, perhaps in Egypt
He indicated that The price of an ounce of gold Globally, it increased by 27.2% during the period from January to July 2020, so that the holders of the precious metal won nearly $ 413 in every ounce they had, which is a very high value that has not been achieved for nearly a decade.
He continued, prices rose in Egypt from 680 pounds to 21 gauge, which is the best-selling and traded in the goldsmith market, to 850 pounds per gram now, so that gold holders in Egypt earn 170 pounds per gram, an increase of 26.4% since the beginning of this year.
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