There is no doubt that gold prices are one of the most important news that Egyptians are looking for, especially those who are about to get married, because gold is one of the most important demands of the bride in every Egyptian home, and the decrease in prices is certainly beneficial to everyone. Therefore, gold prices continued to decline during the second week in a row, as the gram lost 63 pounds. Within 15 days, Naguib Club, Secretary General of the Gold Division in the Cairo Chamber of Commerce, said that the price of a gram of 21 carat gold has decreased today to 859 pounds, compared to 922 pounds two weeks ago, and the price of a gram of 18 carat gold is about 736 pounds, and the price of a gram of 24 carat is about 982 pounds , And the price of one pound of gold recorded 6872 pounds.
In a related context, an official said that the decline in the price of gold during the past two days was a result of the high price of the dollar and the war of words about the American elections, and explained that “gold moves between high and low within 10 minutes throughout the day, in a narrow space after it jumped more than 1000 pounds per gram. One, it has now reached about 850 pounds for 21 grams. ”
He added that the current decline is attempts to reap profits from those who bought gold during the last period, and as long as the reasons for the rise in gold are not addressed, it will rise again, and he advised Egyptians to buy gold in the current period, and indicated that the agreement between the two who agree to marry while buying gold It is no longer in grams, but in specific amounts of money between the two parties, due to the recent rise in gold prices, and this leads to a decline in the profits of the merchant and the gold factory.
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