Gold prices have witnessed a clear fluctuation between high and low, during the past weeks, due to the negative repercussions of the Corona crisis and the collapse of global economies, as gold prices have achieved a fabulous rise in the past weeks, to record the price of the precious metal at record numbers at the local level, due to the exchange rate of the pound against the dollar in banks. Egyptian.
Gold price fluctuation in a week
The price of a gram of gold reached its highest levels last Friday, as 24 carat recorded about 1053 pounds, while 21 carat reached 908 pounds, bringing it to its highest levels ever.
On the following day, gold recorded a decline of 15 pounds, and 24-carat reached about 1038 pounds, and 21 karat, about 905 pounds.
After a two-day stabilization, gold prices fell again yesterday, Tuesday, a noticeable decline, retreating from a record high of 2072.50 dollars an ounce, which it recorded last week, bringing 24 carat to 971 pounds, 21 caliber 850 pounds, 18 caliber 729 pounds .
With the beginning of the morning trading received today, gold prices continued their decline for the third day in a row, to record 24 carat about 969 pounds, while 21 karat reached about 848 pounds, and 18 karat records 727, bringing the total loss of gold within 5 days to about 84 pounds.
Naguib Club was the vice president of the gold division in the chambers of commerce. He invited citizens who have financial surpluses to invest in bullion instead of crafts to benefit from a higher profit margin, because the bullion is not loaded with “workmanship” and added value and other things that are charged to gold jewelry.
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