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Egyptian Gold Prices Decline on Wednesday, December 27, 2023

Islam Saeed wrote Wednesday, December 27, 2023 08:16 PM It is back gold prices In Egypt today, Wednesday, in evening trading, it fell by about 50 pounds, to record Gram of gold 21 carat, which is the best-selling in Egypt, costs 3,180 pounds, compared to 3,230 pounds this afternoon.

Gold prices today

18 karat weighs 2726 pounds.

14 karat weighs 2120 pounds.

Gold Division

The General Division for Gold said: gold prices It continued to decline today, now recording 3,180 pounds per gram 21, compared to 3,330 yesterday’s closing price for the same caliber.

Hani Milad Gaid, head of the division, said that there are expectations that prices will decrease with the beginning of the mid-year holiday season and that Egyptians and others coming from abroad will benefit from the Prime Minister’s decision to exempt imports. gold Of customs duties, which is what we expect and hope will achieve a balance between the increasing demand that has created pressure on prices during the past two days, and the limited supply in the markets.

He pointed out that the Cabinet’s initiative to allow entry gold Without customs, it contributed earlier to creating a balance in the markets and increasing their supply gold The market was balanced after the big jumps in April and May 2023, after which prices returned to normal.

2023-12-27 18:16:00
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