Gold prices in Egypt rise 8 pounds today, Friday, May 8, 2020

Gold prices in Egypt witnessed today, Friday, May 8, 2020, corresponding to 15 Ramadan 144 AH, an increase of 8 pounds, while the prices of the precious metal rose globally from $ 1692 to $ 1720 an ounce.

Many ordinary individuals and businessmen in Egypt resort to investing their money in gold as a safe haven in the face of the storms of economic crises that arise from time to time, the latest of which is caused by the crisis of the emergence of the emerging Corona virus “Covid-19”, in most countries of the world.

Gold prices in Egypt

The site “Kalima” publishes gold prices in Egypt today, Friday, in different jewelery shops, taking into account that these prices differ from one place to another, according to the price of workmanship, as the average prices came as follows:

• The price of 21 caliber was 751 pounds.
• The price of 24 caliber is 858.25 pounds.
• The price of 18 carat was 643.70 pounds.
• The price of the gold pound is 6008 pounds.
• The ounce price is $ 1720.

Aspar high prices

In the context of spreading gold prices in Egypt today, Ehab Wasef, Vice President of the Gold Division, explained the increase in prices by rising global demand, in light of the global economy’s situation as a result of the emerging Corona virus crisis, pointing out that the world is looking very seriously at discovering a cure for coronavirus, to alleviate the measures that undermine the economy .

He pointed out that the majority of investors are concerned about tensions between the United States of America and China, especially after recent statements by US President Donald Trump about the imposition of customs duties, accusing China of responsibility for the spread of the Corona virus in the world.

–

–