The Gold Division of the Chamber of Commerce announced the stability of the yellow metal prices in the morning trading today, Sunday, in conjunction with the weekend, to record a gram of 21 karat gold at a price of 1010 pounds per gram, with the stability of the price of an ounce of gold globally, as well as the unchanged state of demand for gold in the Egyptian market.
And the division added in the evening gold price bulletin, that the price of 18 karat records 866 pounds, while the price of 21 karat gold recorded a value of 1010 pounds per gram, and the price of 24 karat gold bullion reached 1154 pounds per gram, and finally the price of the gold pound was 8096 pounds.
The Gold Division later announced that there is a tendency to reintroduce 14-carat gold, with gold prices rising to unprecedented levels, with the aim of providing alternatives to consumers in all governorates of the Republic, which is reflected in the volume of gold sales.
The Gold Division added that the demand for the precious metal is fluctuating in Egypt and is witnessing several changes in light of the drop in prices from levels of 1250 to 1000 pounds, which made some decide to resell in order to avoid exposure to losses, as gold losses amounted to approximately 250 pounds within a month.
