Gold prices are rising 5 pounds, and 21 karat, recording 865 pounds per gram

Gold prices rose in morning trading today, Monday, at the beginning of the week’s transactions, at a value of 5 pounds, following the rise in the global price of an ounce of gold from 1944 to 1953 dollars, which led to an increase in the price of 21 carat, which is the most traded in the goldsmiths market, to 865 pounds per gram, with expectations of a change Another price is in light of the declining dollar in Egypt, which would push in the direction of reducing gold.

Gold prices today after rising:

Caliber 18: 741.40 pounds per gram.

Caliber 21: 865 pounds per gram.

Caliber 24: 988.55 pounds per gram.

Gold pound: 6920 pounds.

World price: $ 1953.

Gold is considered a safe haven in the sense that it is demanded in the event of global instability, because gold is a limited material in the world, and with the increase in the number of people, the demand for it increases and consequently its prices continue to rise, and it is possible to split gold when selling it, such as selling 100 grams or more or less while real estate cannot Except selling the whole apartment and not the room.

Gold can be subjected to decline and rise in the stock market, and consequently you may win or lose from it, but if you have the experience to know buying gold when it falls by following up on experts and economic news and choosing a good place to buy, as well as knowing when to sell when there are signs of a decline, for example in such days Corona’s fears are considered an opportunity to buy gold, as investors flee towards it.

And gold is considered the best and safest way to save, at least if not for investment and profit, and although many people do not have the experience to know when to buy and when to sell gold, it is sufficient for them that gold is the safe haven, while currencies remain just papers, the world is full Political and economic problems, and all of this will support gold in the future.

Gold is considered a safe haven that can be invested in, and one of the benefits of investing money in gold is that it works to preserve money from inflation factors and high prices for other commodities, such as oil, the dollar, and others, which fall into other investment methods, and it is considered the most stable investment. Even if there is a decline in its price during periods of the year, its price will continue to increase in the long run. Therefore, investment in gold is considered a safe haven for the owners of capital and the rich to preserve their wealth and the value of their money, and protect it from inflation factors and other financial market fluctuations.

In order to trade in gold, the investor must first buy gold, then keep it for a period of time, then sell it and earn profits, and to ensure the success of investing your money in gold, you must buy gold and keep it for at least two or three years to ensure the success of your investment, and the best is to save bullion. Gold. The speculation method can be relied upon in gold, but with a portion of the money allocated for investment.

It is possible to invest in gold through gold deposit certificates, which are certificates issued by certain bodies such as banks, in specific categories, and are an alternative to actual gold, and you can trade daily through these certificates selling or buying without the need to buy or store gold, and their value can be recovered as gold bullion, as well as Buying and selling takes place at a specified price.

The methods and types of gold trading vary between saving, investment and the stock market. There are many people who want to buy gold by offering to save and save money, and it is considered a very successful investment, but the investor must deal with gold in a correct manner so as not to suffer losses.

There are ways to buy gold, such as buying gold jewelry and keeping it, either in a safe place, or placing it in bank deposits and safes, or buying gold bars and keeping them for saving by previous methods, as it is possible to buy gold deposit certificates or buy paper gold from central banks, which is a more secure form than buying Jewels, raw gold or bullion, and the investor can participate in gold ETFs, or buy rare gold coins and keep them and sell them at a higher price as they have a great demand.

And every investor who wants to invest in gold must realize well that the selling price of gold differs from the purchase price, and the reason is the costs of workmanship. Many people buy gold jewelery in order to keep it to increase its price, but they find that they lost their money despite the high price of gold, and the reason is due In that to the manufacturing price, when you sell these jewelry, the value of jewelry and handicrafts is deducted from the price, which may exceed 10% of the price value, so if you want to buy gold for the purpose of saving or investment, you should buy gold bullion, not gold jewelry.

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