Wednesday 27 December 2023 03:38 pm
Cairo – Samar Hussein – Relations and society
Investing in yellow gold is a project without a feasibility study that women have adopted since ancient times, and it has been passed down through generations from grandmothers to mothers and even girls. Storing gold coins is an approach followed by housewives, as they buy gold during a time when its prices are low, and sell it when needed when its price rises to benefit from the price difference.
From one hour to the next, global and local gold prices also vary, so that housewives who put the “age stamp” in some jewelry for decoration or investment remain on track with calculating the value of their savings, between gain and loss.
Variation in gold prices
During the past few days, the yellow metal has been subjected to a state of variation and difference in the prices of grams, especially the best-selling 21 carat, which prompted many women to ask about the value of their savings, according to the change in the price of gold.
Did I lose my gold savings? Did you benefit from the change in the price of gold on a personal level? Questions revolve in the minds of the women who put their savings in the gold ounce, as they stood before calculating the value of the gain or loss, which is what Najib Naguib, former Secretary of the Gold Division, at the Federation of Chambers of Commerce, explained to “Hun”.
One way.. Know what I gained or lost in gold
Najib Club explained that there is one way to calculate the value of gold savings, which changes according to the daily changes in the price of gold. All you have to do is calculate the number of grams you have after weighing them at the jeweler, and then multiply this weight of grams by the price of the gram recorded at that time, while subtracting the value. Workmanship, so you know the value of the gold you have.
In the same context, Dr. Ayman Ghoneim, a professor at the College of Business Administration at the American University and a banking and legal expert, advised women, during his talk to “Hen,” not to sell gold after purchasing it until at least a year has passed: “Gold is a long-term investment, no matter how different the timing of purchase is, do not follow it.” “Unless after a long period of at least a year.”
Gold prices today
It is noteworthy that the Gold Division of the Chamber of Commerce announced a decline in gold prices during the middle of today’s trading, as it lost 100 pounds at once.
The 21 karat amounted to 3,200 pounds instead of 3,300, and the 18 karat amounted to about 2,743 pounds.
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2023-12-27 13:38:02
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