We publish the latest update on gold prices this morning, Wednesday, after an increase of around £10, and an ounce of 21-karat gold, which is Egypt’s top seller today, registered £1475 per gram with no additions industrial, after a significant increase in recent days with the tendency of consumers and capital holders to hedge against a decline in currencies.
Gold prices today:
18 karat registered 1264 pounds.
21 carat registered 1475 pounds.
24 carats, a record 1686 lbs.
The gold pound is £11,800.
The total increase in gold prices at the end of last week reached 160 pounds in the Egyptian market due to high demand for gold in the market and declining supply volume.
George Abdullah, a member of the Gold Division, said that gold prices are influenced by several factors, including supply and demand, ore availability, the dollar price and the global price of gold, and changes in these factors make l evolving gold.
He added, in exclusive statements, that the precious metals industry needs to import manufacturing needs, all non-local, and these manufacturing needs have increased significantly in recent times with the continued movement of the dollar, including, for example, “wax, rubber, brushes, chips, all imported”, emphasizing that the market is not stable in the current period and the factories bear many burdens due to the continuous payment of labor costs and monthly obligations, with a continuous significant drop in sales of employees, and this is undoubtedly reflected in the markets and prices.
