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Sharp Decline in Gold Prices in Egypt: A Rare Buying Opportunity

A sharp decline in gold prices in Egypt, as the numbers reached record low levels after gold witnessed a rapid rise last April, as the price reached about 2800 pounds per gram without workmanship, with regard to the price of gold today, Monday, especially those preparing for marriage, Where the price of a gram fell from 21 carat to about 2165 pounds, after it was at the peak of the rise last April, 2800 pounds, and then it rose to 3200 pounds a few days ago.

Gold prices today are a rare buying opportunity

The price of the gold pound recorded about 17,320 pounds, after it was 18,240 pounds a few days ago, a difference of about 900 pounds, and its highest price in April reached 22,400 pounds, which means a decline of about 5 thousand pounds.

For those who track the current gold price, we show gold prices in the current market transactions:

The price of a gram of 24 karat gold: 2,486 pounds The price of a gram of 21 karat gold: 2,175 pounds The price of a gram of 18 karat gold: 1,864 pounds The price of a gram of 14 karat gold: 1,450 pounds The price of a gram of gold: 17,320 pounds The price of an ounce of 24 karat: 1,955 dollars (after it was 2056 dollars as the highest price in May).

This great fluctuation in gold prices raises many questions, as the price of gold changes during today’s dealings according to several factors, including market movement, the ratio of supply and demand, and the price of an ounce at the global level. With this sharp decline, the price of a gram of 21 carat gold is about 2,165 pounds, while the price of a 12-gram gram fell to less than 1,240 pounds only.

2023-07-18 20:06:01
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