03:03 PM
Friday, January 15, 2021
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I wrote – Shaima Hefzy:
Gold prices in Egypt continued to decline over the past week, with a gram losing 15 pounds.
Naguib Club, former general secretary of the Gold Merchants Division in the Cairo Chamber of Commerce, told Masrawy that the price of a 21-gram of gold fell today, Friday, to 810 pounds, compared to 825 pounds last Friday.
The price of a gram of 18-carat gold was about 694.3 pounds, and the price of a 24-carat gram was about 925.7 pounds, and the price of a pound of gold reached 6480 pounds.
Naguib indicated that now is the time to buy, so that investors benefit from the significant decline in prices in preparation for taking profits if prices rise again.
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