The price of gold in Egypt today continues to rise… and 21 karat gold is at 3790 pounds – Youm7

rose Price of gold In Egypt, the morning trade began in earnest, recording grams gold 21 carat is the most widely traded on the market at 3790 pounds per gram in the gold market.

Gold price in Egypt:

24 karat registers 4331 pounds.

21 standard costs 3790 pounds.

18 carat costs 3249 pounds.

The pound of gold is 30,320 pounds.

Buy the gold of Egypt

named mGlobal gold sat The amount of Egyptian gold purchases in the third quarter of 2024 reached a total of 10.4 tons of gold, a decrease of 17% compared to the third quarter of 2023, which recorded a total purchase of 12.6 tons.

The Gold Council’s report revealed a decline in purchases in the third quarter compared to purchases in the second quarter of this year by 38.5%, as the second quarter recorded purchases of 14.4 tons of gold.

The Gold Council indicated that the Egyptian purchase of gold jewelry in the third quarter of the year recorded 5.1 tons, reducing by 19% from the purchase in the third quarter of 2023, which recorded 6.3 tons, while it was lower than the purchase in the second quarter. of 2024, which was 6.8 tons.

Regarding the purchase of gold bullion and coins in the third quarter of 2024, they recorded 5.3 tons, a decrease of 16% compared to the purchase in the third quarter of 2023, which was 6.3 tons, and also lower than the purchase of gold bullion and coins in the second quarter of this year, at 7.6 tons.

Gold Billion technical analysis mentioned the decline in gold purchases in Egypt, implying this as a result of the stability of the exchange rate and the decline in fear of a decline or a new decline in the Egyptian pound against other currencies.

The Gold Billion analysis also pointed out that the reason behind the decline in demand for gold bullion and coins in Egypt in the third quarter was the increase in price levels as well as the stability of currency movements since the rescue plan from the Fund International Monetary Fund in March, which led to a decline in hedging activity and a decline in demand for gold. Demand for gold bullion and coins in the third quarter recorded the lowest level since the first quarter of this year.