Gold prices in Egypt recorded an increase of two pounds during evening dealings in Egypt, after a noticeable movement in international gold prices, to record an ounce of $ 1571 in immediate transactions, which was reflected in gold prices in Egypt, to achieve this slight increase in evening dealings.
The price of gold caliber 21, which is the most traded and sold in Egypt, was 692 pounds per gram, which is the caliber that is increasing in demand in Upper Egypt and Upper Egypt governorates in general, while 18 carat sales recorded a significant increase in Cairo and Alexandria.
Gold prices after rising:
Caliber 18 recorded 593 pounds per gram
Caliber 21 recorded 692 pounds per gram
Caliber 24 recorded 790.75 pounds per gram
An ounce of gold is $ 1571.
The gold pound is 5536 pounds.
The price of gold on Wednesday morning recorded a decrease of 4 pounds, as a result of the decline in gold prices globally with a selling trend for profit. The price decline on Wednesday morning came after a significant fluctuation and turmoil in prices last week.
And the price of gold in Egypt, may change throughout the day for more than once, affected by the global changes witnessed by the precious metal, as well as the changes in the price of the dollar in Egypt, in banks and official banks.
Gold forms a large part of Egypt’s exports of ornaments and gemstones that exceed one billion dollars annually, and gold is exported as raw materials and alloys, not finished crafts, because of the stamping stamp, which is not accepted outside the country.
Gold is an investment alternative in times of political and financial uncertainty. On the trade front, investors are awaiting further developments regarding the one-stage agreement between the two largest economies in the world, as well as the situations in the Middle East. Therefore, gold is a safe haven in general, whether global or local, and the investor will resort to it or even The common citizen when these disturbances occur.
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