Gold prices in the Egyptian market witnessed a slight increase a while ago by regarding two pounds, following a remarkable stability at the levels of 1005 pounds per gram of 21 karat, and gold has now risen to 1007 pounds.
And the price of an ounce of gold recorded a decline at levels of 1840 dollars at the time of writing these lines, which may be reflected on the price of gold in the coming hours.
And the Gold Division of the Chamber of Commerce announced the stability of the yellow metal prices in the morning trading, to record a gram of 21 karat gold at 1007 pounds per gram, and the 18 karat price reached 864 pounds, and the price of 24 karat gold bullion reached 1150 pounds per gram and finally the price of the gold pound was 8066 pounds.
There is a tendency to reintroduce 14-carat gold with the rise in gold prices 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 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.