The price of gold today, Saturday, recorded a decrease of 10 pounds, compared to the prices of Friday, to drop the 21 carat, which is the most traded in Egypt, from 813 to 803 pounds per gram, at the lowest level of gold since the beginning of 2021.
Gold prices today..
Caliber 24 recorded 917.75 pounds
Caliber 21 recorded 803 pounds
Caliber 18 recorded 688.25 pounds
The gold pound is 6424 pounds
An ounce of gold is $ 1827
This significant drop in the price of gold came after the global price of gold fell from 1845 to 1827 dollars an ounce, since Friday evening, which is reflected in the performance of gold in Egypt, to decrease throughout Friday evening’s trading, bringing the total gold decline to 10 pounds, compared to the gold price on Friday afternoon. .
Mamdouh Abdullah, one of the gold producers in Egypt, announced that there is a development of the gold industry to come up with new weights and shapes that are compatible with the needs of consumers, indicating that the development of the golden shapes that we produce in Egypt enabled us to export abroad, in light of the availability of gold weights from 2 grams to 100 grams.
In statements to Al-Youm Al-Sabea, he added that the development of the gold industry made Egyptian production enjoy a special place in large markets such as the Dubai market in the Emirates, pointing out that the continued development of production makes Cairo the focus of attention of importers from all countries.
Egypt’s exports of gold, jewelry and precious stones during the first 9 months of 2020 jumped by 76% to reach $ 2.444 billion compared to $ 1.392 billion during the same period of 2019..
The value of gold, jewelry and precious stones exports increased during September 2020 by 71% to record $ 282 million, compared to $ 165 million in September 2019..
5 countries controlled 99.2% of the value of Egyptian gold, jewelry and gemstone exports during the period from “January to September 2020” with a value of $ 2.427 billion..
The United Arab Emirates acquired about 69.7% of Egypt’s total exports of gold, jewelry and precious stones, ranking first with a value of $ 1.703 billion, compared to $ 924 million, a growth of 84%.
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