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The price of gold in Egypt .. the main reason behind the rise in the yellow metal and a decisive response from the “Gold Division”

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Mahmoud Fahmy

Naguib Club, a member of the Cairo Chamber of Commerce’s Gold Division, said the price of gold dropped with the start of trading this morning, Thursday, to hit a 21-karat gram at the 1109 pound-per-gram limit. later it closed yesterday, Wednesday, near the 1110 pound range, affected by the parallel market and the movement of the dollar.

world gold

Najib revealed in exclusive statements to Al-Osboa, that the global price of gold has seen slight increases, reaching the price of an ounce of gold near the $ 1628-ounce level, indicating relatively weak demand for gold. the purchase of gold in the local market, in conjunction with the increase in school and university expenses, and the lack of economic certainty of investors in the current period.

Morning gold prices in the Egyptian market

The price of 21-karat gold dropped to record around 1109 pounds per gram

While the price of one gram of 24-karat gold ranged from around 1268 pounds.

The price of 18-karat gold also dropped to 951.5 pounds per gram

The price of 14-karat gold reached 740 pounds per gram.

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