The yellow metal continued its stability in its prices today, Sunday, October 9, which witnessed fluctuating levels during last Friday’s trading, to record the price of a gram of gold 21, the most widely spread in the Egyptian local market, regarding 1090 pounds.
Naguib Club, a member of the Gold Division of the Cairo Chamber of Commerce, said that the price of gold today, Sunday, witnessed a state of stability, especially following the closure of international stock exchanges, to record an ounce of gold globally regarding 1690 dollars, while the price of gold locally reached 1090 pounds for 21 karat gold, an increase of 10 Pounds at last Friday 1080 pounds.
In his exclusive statements to the “Al-Web” portal, the division member expected that gold prices would stabilize globally, with the start of trading next Monday, amid general stability in global markets.
Meanwhile, Vice President of the General Division for Gold in the General Federation of Chambers of Commerce, Wadih Antoine, expected the start of gold trading during next Monday’s session on a noticeable increase in prices.
Gold prices today, Sunday, in the local market
The price of 24 gold reached regarding 1240 pounds per gram
While the price of 21 karat gold today, Sunday, reached regarding 1085 pounds per gram, in the Egyptian local market.
And the price of a gram of 18 karat gold was regarding 930 pounds
While a gram of 14 carat gold recorded 723 pounds
The price of a gram of 10 carat gold ranged regarding 517 pounds
The price of the 21 carat gold pound reached regarding 9400 pounds
The price of a 24-carat gold ingot reached regarding 135,470 pounds
The prices of gold in the Egyptian local market witness successive differences following workmanship, from one goldsmiths shop to another. Approximately, they reach rates ranging between 7% and 10% of the price of one gram.
central bank and gold
It is worth noting that the Central Bank of Egypt announced, during a previous report, the total value of the bank’s gold balances, which rose by 113.55%, to reach 137.1 billion pounds at the end of last June, compared to 64.2 billion for the same period last year.
