Gold prices rose in trading today, Thursday, February 6, by 3 pounds, registering 686 pounds per gram for 21 caliber, which is the main caliber of the goldsmiths market in Egypt, after the world price of an ounce of gold witnessed a remarkable increase from 1550 dollars to 1559 dollars so far.
Gold prices today in Egypt
Caliber 18: 588 side.
Caliber 21: 686 pounds.
Caliber 24: 784 pounds.
The gold pound is 5488 pounds.
An ounce of gold is $ 1559.
Ehab Wasef, deputy head of the gold division at the Chamber of Commerce, revealed that gold sales during January 2020 recorded a remarkable decline, due to the rise in the prices of the precious metal by more than 4% since the beginning of this year, due to the turmoil in the Middle East, and the outbreak of the Corona virus, which caused the rise of gold Worldwide.
He pointed out that the tensions that the Middle East region is constantly witnessing are pushing towards increasing gold prices, and then whoever has financial surpluses can buy gold now.
He added to “the seventh day”, that gold since 1981 rises annually in varying proportions, ranging from 20 to 36% annually, so the metal is at all times in succession.
He said: “During the year 2016 witnessed an unprecedented increase in gold in Egypt by 256%, as gold is linked to international prices as well as the price of the dollar against the pound in Egypt, as well as factors of supply and demand.”
Wasef emphasized that buying gold is appropriate at all times because it is a safe investment haven, especially in light of the ongoing currency turmoil, pointing out that the rise in oil and the dollar’s decline globally, as well as political and security turmoil in the region, are all paid in the directions of increasing gold prices, so if a citizen He has a financial surplus, because gold is suitable for him.
Wasef continued, that the international prices of gold have risen 4% since the beginning of this year, but have taken their way to decline in light of the tendency of some to take profits and with positive economic data in the United States of America, but there is constant anticipation of the results of developments in the Chinese economy, due to the outbreak of a virus Sk.
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