The rise in gold prices today, Wednesday, 8-4-2020 in the Egyptian jewelery shops, and 21 carat, increases about 5 pounds

Gold prices are witnessing a consecutive rise today, Wednesday, April 8 in most Egyptian jewelery stores, so the 21 carat value increased to 5 pounds during the day, so we notice the arrival of gold during these days to a distinct value. 750 pounds per unit, the price of gold rose during two days, about 11 pounds per gram, and increased during the same day. This indicates the instability of prices due to the conditions in the countries of the world due to the spread of the new Corona virus.

Gold prices on Wednesday 8-4-2020 continue to rise and 21 karat recorded 711 pounds per gram

A state of instability has rocked the Egyptian market, causing investors to search for solutions, so they go to buy the yellow metal and this, and the reason that drives them to buy gold in these difficult economic times is to protect their investment portfolios from collapse, and this is done by converting a large percentage of their portfolios into gold at times Instability and therefore they believe that by doing this you will protect yourself from inflation and capital increase in the long run.

Gold prices continued to rise today, Wednesday, according to the last morning dealings in most of the goldsmith’s shops, because it is natural when the demand for gold increases and leads to an increase in its price in the local market, and in general we note the rise of the prices of the yellow metal in difficult times or crises such as political or economic crises or Even natural crises such as the country is going through during this period of the emergence of the emerging Corona virus, and thus gold is saved as commodities against inflation or insurance companies or persons.

Gold prices today in Egyptian goldsmiths

The value of the dollar and its circulation controls the prices of the precious metal, because gold is valued in the world at the price of the dollar, in addition to the arrival of the price of gold in gold for a distinctive value during this period, it ranges from ups and downs of $ 60, so an ounce of gold was recorded according to the latest updates of the day on the global stock exchange $ 1654 and this affects Gold prices in the local market.

We will display the average gold prices today according to the latest updates in the Egyptian jewelery shops, and it can be increased or decreased during the same day at other times. It is worth noting that the price of gold varies between the different governorates of Egypt at the value of one or two pounds only because it differs from one goldsmith to another.